16th Apr 2013 07:29
OJSC MAGNIT - Material FactOJSC MAGNIT - Material Fact
PR Newswire
London, April 16
OJSC "Magnit" Announces the Disposal of Shares by the Entity under the Issuer'sControl
Krasnodar, April 16, 2013: OJSC "Magnit," Russia largest retailer (the"Company", the "Issuer", MICEX and LSE: MGNT), announces the disposal of sharesby the entity which is under the Issuer's control.
Full company name and joint-stock company "Tander"address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State 1022301598549Registration Number: Object of disposal: voting shares of the IssuerAmount of disposed shares: 35,000 shares (0.037% of the total equity)
Basis for disposal: Securities Purchase Agreement №3455320 as of 11.04.2013 Amount of votes before 105,659 votes (0.1117% of the total number of votes)disposal: Amount of votes after 70,659 votes (0.0747% of the total number of votes)disposal: Date of disposal: April 12, 2013For 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, S&P: "BB") is the holding company for a group of entities that operate inthe retail trade under the "Magnit" brand. The chain of "Magnit" stores is thelargest food retail network in Russia. As of March 31, 2013 the chain consistedof 6,209 convenience stores, 132 hypermarkets, 21 "Magnit Family" stores and713 cosmetics stores (drogerie) in 1,647 cities and towns throughout theRussian 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 March 31, 2013 Magnit operated an in-house logistics system consisting of18 distribution centers, employing automated stock replenishment systems and afleet of 4,448 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.
Related Shares:
MGNT.L