29th Jan 2013 13:29
OJSC MAGNIT - Holding of BOD MeetingOJSC MAGNIT - Holding of BOD Meeting
PR Newswire
London, January 29
OJSC "Magnit" Announces the Holding of the BOD
Krasnodar, January 29, 2013: OJSC «Magnit» (the "Company"; MICEX and LSE: MGNT)is pleased to announce the holding of the board of directors meeting.
On January 29, 2013 the Chairman of the board of directors made the decision tohold the BOD meeting on February 4, 2013 with the following agenda:
1. Consideration of proposals for inclusion as items on the agenda of the
annual general shareholders' meeting of OJSC "Magnit".
2. Consideration of proposals for the nomination of candidates to stand for
election to the board of directors, the revision commission and the
counting commission of OJSC "Magnit" at the annual general shareholders'
meeting of OJSC "Magnit".
3. Consideration of proposals for the nomination of candidates to stand for
election as the auditor of OJSC "Magnit" at the annual general
shareholders' meeting of OJSC "Magnit".
For further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.
In accordance with the unaudited IFRS management accounts for 2012, Magnitrecorded consolidated revenues of approximately $14,430 billion USD and aconsolidated EBITDA of $1,524 million USD.
Related Shares:
MGNT.L