20th Mar 2012 07:16
Press-release
Krasnodar
March 20, 2012
OJSC "Magnit" announces the date of the list of holders of bonds of LLC "Magnit Finance"
Krasnodar, March 20, 2012: OJSC "Magnit" (the "Company", the "Issuer", MICEX and LSE: MGNT) announces the date of the list of holders of bonds of LLC "Magnit Finance".
Type of securities | non-convertible interest-bearing certified bonds to the bearer with the obligatory centralized custody of 02 series |
Identification code, date of state registration: | № 4-02-36102-R as of 06.03.2007. |
Rights fixed by securities | right to receive interest of the nominal value of the bond (coupon yield) and nominal value of the bond |
Date on which the list of holders of securities is made | March 19, 2012 (end of business day) |
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 management accounts for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 934 million.
Related Shares:
MGNT.L