18th Dec 2009 14:17
Press-release
Krasnodar
December 18, 2009
OJSC "Magnit" announces the inclusion of its shares into the section of "Non-listed stock" on MICEX
Krasnodar, December 18, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces the inclusion of its securities into the section of "Non-listed stock" on MICEX.
Directorate of CJSC "MICEX Stock Exchange" made the following decisions on December 14, 2009 (minutes № 205):
to admit ordinary registered shares of OJSC "Magnit" (state registration number 1-01-60525-P-005D of 02-10-2009) to trading in the process of floatation without listing by means of inclusion into the section "Non-listed stock" of the List of securities admitted to trading on CJSC "MICEX Stock Exchange";
to approve the Changes № 830 to the List of securities admitted to trading in CJSC "MICEX Stock Exchange".
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 September 30, 2009 the chain consisted of 2,960 convenience stores and 21 hypermarkets in 974 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, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of September 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,362 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L