17th May 2010 07:09
Press-release
Krasnodar
May 17, 2010
Krasnodar, May 17, 2010: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the exclusion of its securities from the List of securities admitted to trading at CJSC "MICEX Stock Exchange".
On April 20, 2010 the directorate - general of the CJSC "MICEX Stock Exchange" made the decisions as follows (№ 326-r):
·; to exclude the OJSC "Magnit" ordinary shares (state registration issuance number - 1-01-60525-P-005D of October 2, 2009) from the section of the List of securities admitted to trading at CJSC "MICEX Stock Exchange" - "Non-listed stock" (securities admitted to trading without listing procedure) and to cease trading of the shares at CJSC "MICEX Stock Exchange" from April 21, 2010.
·; to approve the Amendments № 908 to the List of securities admitted to trading at CJSC "MICEX Stock Exchange".
The above changes are due to the annulment of the individual code 005D of the state registration number 1-01-60525-P-005D of October 2, 2009, assigned to the additional issue of the ordinary registered uncertified shares of OJSC "Magnit".
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, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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 and Urals regions.
As of December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2009, the Company recorded consolidated revenue of approximately US$5,354 million and consolidated EBITDA of around US$509 million.
Related Shares:
MGNT.L