23rd Jan 2012 10:06
Press-release
Krasnodar
January 23, 2012
OJSC "Magnit" announces change of share in the charter capital
Krasnodar, January 23, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces change of share in charter capital of OJSC "Magnit" (ordinary shares stake) owned by Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors, from 0.0063% to 0.0066%.
Name and position of the person: | Khachatur Pombukhchan, the chairman of the Board of OJSC "Magnit" directors |
Company: | Open joint-stock company "Magnit", 18, Kolkhoznaya street, Krasnodar, Russia |
Share in charter capital before change: | 0.0063% |
Ordinary shares stake before change: | 0.0063% |
Share in charter capital after change: | 0.0066% |
Ordinary shares stake after change: | 0.0066% |
Date of the fact being reported: | January 23, 2012 |
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 December 31, 2011 the chain consisted of 5,006 convenience stores, 93 hypermarkets and 210 cosmetics stores (drogerie) in 1,389 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 December 31, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,906 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