2nd Aug 2011 10:19
Press-release
Krasnodar
August 2, 2011
OJSC "Magnit": disposal and acquisition of shares by the entity under its control
Krasnodar, August 2, 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: | 651,654 shares (0.7324% of the total equity) |
Basis for disposal: | Additional agreement of 29.07.2011 to the Repurchase agreement № 8 of 03.05.2011; Additional agreement of 29.07.2011 to the Repurchase agreement № 9 of 03.05.2011. |
Amount of votes before disposal: | 651,654 votes (0.7324% of the total number of votes) |
Amount of votes after disposal: | 0 votes (0% of the total number of votes) |
Date of disposal | July 29, 2011 |
Amount of acquired shares: | 607,258 shares (0.6825% of the total equity) |
Basis for acquisition: | Repurchase agreement № 29/07/11- RA1 of 29.07.2011, Repurchase agreement № 29/07/11- RA of 29.07.2011 |
Amount of votes before acquisition: | 0 votes (0% of the total number of votes) |
Amount of votes after acquisition: | 607,258 votes (0.6825% of the total number of votes) |
Date of acquisition: | July 29, 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 June 30, 2011 the chain consisted of 4,366 convenience stores, 66 hypermarkets and 28 cosmetics stores (drogerie) in 1,286 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 June 30, 2011 the Company operated an in-house logistics system consisting of 12 distribution centers, employing automated stock replenishment systems and a fleet of 3,454 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