22nd Jan 2016 12:21
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, January 22
Press-release
Krasnodar
January 22, 2016
PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control
Krasnodar, January 22, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer’s control.
| Full company name and address: | Joint Stock Company “Tander”185, Levanevskogo street, Krasnodar, Russia |
| Taxpayer Id Number: | 2310031475 |
| Principal State Registration Number: | 1022301598549 |
| Object of acquisition: | voting shares of the Issuer |
| January 18, 2016 | Acquisition of shares |
| Amount of acquired shares: | 5,731 shares (0.006061% of the total equity) |
| Basis for acquisition: | Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange |
| Amount of votes before acquisition: | 31,677 votes (0.033499% of the total number of votes) |
| Amount of votes after acquisition: | 37,408 votes (0.039560% of the total number of votes) |
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: [email protected]: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations [email protected] |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
Related Shares:
MGNT.L