4th May 2011 13:59
Press-release
Krasnodar
May 4, 2011
OJSC "Magnit": disposal and acquisition of shares by the entity under its control
Krasnodar, May 4, 2011: OJSC «Magnit» (the "Company", the "Issuer", RTS, MICEX and LSE: MGNT) announces disposal and acquisition of shares by the entity which is under Issuer's control.
Full company name and address: | joint-stock company "Tander" 185, Levanevskogo street, Krasnodar, Russia |
Taxpayer Id Number: | 2310031475 |
Principal State Registration Number: | 1022301598549 |
Object of disposal/acquisition: | voting shares of the Issuer |
Amount of disposed shares: | 567,758 shares (0.6381% of the total equity) |
Basis for disposal: | Agreement of repurchase of securities № 20/12/10-PA of December 20, 2010, Additional agreement №1 of May 3, 2011; Agreement of repurchase of securities № 31/01/11-PA of January 31,2011, Additional agreement №1 of May 3, 2011 |
Amount of votes before disposal: | 567,758 votes (0.6381% of the total number of votes) |
Amount of votes after disposal: | 0 votes (0% of the total number of votes) |
Date of disposal | May 3, 2011 |
Amount of acquired shares: | 651,654 shares (0.7324% of the total equity) |
Basis for acquisition: | Agreement of repurchase of securities № 8 of May 3, 2011, Agreement of repurchase of securities № 9 of May 3, 2011. |
Amount of votes before acquisition: | 0 votes (0% of the total number of votes) |
Amount of votes after acquisition: | 651,654 votes (0.7324% of the total number of votes) |
Date of acquisition: | May 3, 2011 |
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 March 31, 2011 the chain consisted of 4,128 convenience stores, 57 hypermarkets and 4 cosmetics stores (drogerie) in 1,239 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 March 31, 2011 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,997 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2010, the Company recorded consolidated revenue of approximately US$7,777 million and consolidated EBITDA of around US$632 million.
Related Shares:
MGNT.L