20th Jul 2009 07:00
Press-release
Krasnodar
July 20, 2009
Krasnodar, July 20, 2009: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the inclusion (transfer) of its securities into the Quotation list "A" level 2.
OJSC "Magnit" announces the inclusion (transfer) of its securities into the Quotation list "A" level 2 from the List of securities admitted to trading in the Quotation list "B". The Amendments № 177 to the List of securities admitted to trading at OJSC "RTS", which shall be effective from July 22, 2009, are ratified by the decision of the Chairman of the Management Board of OJSC "Russian Trading System Stock Exchange" (Order №72 as of July 16, 2009).
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Securities market maker: |
Open-joint stock company "Russian Trading System Stock Exchange" |
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Type of securities: |
ordinary nominal uncertified shares |
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Amount of offered securities: |
not applicable |
For further information, please contact:
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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 |
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Dina Chistyak |
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 June 30, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with 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 June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2008, the Company posted consolidated revenue of approximately US$5,348 million and consolidated EBITDA of around US$402 million.
Related Shares:
MGNT.L