23rd Apr 2012 15:24
Press-release
Krasnodar
April 23, 2012
OJSC "Magnit" announces the exclusion of its additional shares from MICEX
Krasnodar, April 23, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE: MGNT) announces the exclusion of its additional shares from the list of securities admitted to trading by "MICEX Stock Exchange".
Full name of the stock exchange | close join-stock company "MICEX Stock Exchange" |
Type of securities | ordinary registered shares (state registration number of the issue 1-01-60525-Р-006D of 10.11.2011) |
Date of exclusion | April 20, 2012 |
CJSC "MICEX Stock Exchange" made the following decisions on April 20, 2012 (instruction № 463-р):
- to exclude ordinary shares of OJSC "Magnit" (state registration number of the issue - 1-01-60525-Р-006D of 10.11.2011) from the "unlisted securities" section of the list of securities admitted to trading at CJSC "MICEX Stock Exchange",
- to ratify the Amendments № 1769 to the list of securities admitted to trading by CJSC "MICEX Stock Exchange".
These amendments are due to the cancellation of 006D individual number (code) of the state registration number 1-01-60525-Р-006D of 10.11.2011 assigned to the additional issue of ordinary registered 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 March 31, 2012 the chain consisted of 5,104 convenience stores, 96 hypermarkets and 266 cosmetics stores (drogerie) in 1,424 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 March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million.
Related Shares:
MGNT.L