16th Dec 2011 07:00
Press-release
Krasnodar
December 16, 2011
OJSC "Magnit" announces change of share of the CEO, BoD members and members of the Management Board in the charter capital
Krasnodar, December 16, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces change of share of the CEO, BoD members and members of the Management Board in the charter capital
Name of issuer
Open Joint Stock Company "Magnit," a company incorporated and existing under the laws of the Russian Federation with its registered address at 18 Kolkhoznaya street, Krasnodar, Krasnodar region, Russian Federation.
On December 15, 2011 the Company has been notified of the following changes of the CEO, BoD members and members of the Management Board in its charter capital.
Name and position | Share in charter capital before change | Share of ordinary shares owned before change | Share in charter capital after change | Share of ordinary shares after change |
Arutyunyan Andrey BoD member | 0,2151% | 0,2151% | 0,2024% | 0,2024% |
Butenko Valery BoD member | 0,0833% | 0,0833% | 0,0784% | 0,0784% |
Galitskiy Sergey CEO, BoD member, Chairman of the Management Board | 41,0935% | 41,0935% | 38,6659% | 38,6659% |
Pombukhchan Khachatur Chairman of the BoD | 0,0049% | 0,0049% | 0,0046% | 0,0046% |
Shkhachemukov Aslan BoD member | 0,001% | 0,001% | 0,0009% | 0,0009% |
Barsukov Alexander member of the Management Board | 0,0005% | 0,0005% | 0,0004% | 0,0004% |
Pisarenko Alexander member of the Management Board | 0,0019% | 0,0019% | 0,0018% | 0,0018% |
Churikov Nikita member of the Management Board | 0,00005% | 0,00005% | 0,00004% | 0,00004% |
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 |
Dina Svishcheva | Manager, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 |
Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of September 30, 2011 the chain consisted of 4,593 convenience stores, 76 hypermarkets and 98 cosmetics stores (drogerie) in 1,325 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions.
As of September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately US$5,471 million and consolidated EBITDA of around US$359 million.
Related Shares:
MGNT.L