22nd Dec 2011 07:00
Press-release
Krasnodar
December 22, 2011
OJSC "Magnit" announces the inclusion of its shares into the section of "Non-listed securities" at MICEX
Krasnodar, December 22, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the inclusion of its shares into the section of "Non-listed securities" at MICEX
Close joint-stock company "MICEX Stock Exchange" made the following decisions on December 20, 2011 (Instruction № 1465-p):
- To admit ordinary shares of OJSC "Magnit" (state registration number of the issue 1-01-60525-P-006D of November 11, 2011) to trading without undergoing the listing procedure by means of inclusion into the section "Non-listed securities" of the List of securities admitted to trading at CJSC "MICEX Stock Exchange";
- To approve the Amendments № 1621 to the List of securities admitted to trading at 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, 2011 the chain consisted of 4,593 convenience stores, 76 hypermarkets and 98 cosmetics stores (drogerie) in 1,325 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 September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately US$5,471 million and consolidated EBITDA of around US$359 million.
Related Shares:
MGNT.L