27th Dec 2012 07:00
OJSC MAGNIT - Material FactOJSC MAGNIT - Material Fact
PR Newswire
London, December 26
OJSC "Magnit" Announces the Termination of the Entity's Right of Disposition ofVotes Represented by the Voting Shares
Krasnodar, December 26, 2012: OJSC "Magnit" (the "Company"; MICEX and LSE:MGNT) announces the termination of the entity's right of disposition of acertain number of votes represented by voting shares constituting the issuer'scharter capital.
Full name of the entity Oppenheimer Funds, Inc. which has terminated theright of disposition of Location: 6803 S. Tucson Way, Centennial, CO 80112, votes represented by the United States of America
voting shares constituting the issuer's charter capital Type of the right of indirect disposition disposition of votes represented by the voting shares constituting the issuer's charter capital terminated by the entity Characteristic of the joint disposition with the other entities right of votes disposition The basis for the decrease of share in the charter capital termination of the right of disposition of votes represented by the voting shares constituting the issuer's charter capital The number and 4,745,677 votes (5.0186%) percentage of votes represented by the voting shares constituting the issuer's charter capital which the entity had the disposition right for prior to occurrence of the corresponding basis The number and 4,725,677 votes (4.9975%) percentage of votes represented by the voting shares constituting the issuer's charter capital which the entity had the disposition right for after occurrence of the corresponding basis Date of occurrence of December 6, 2012 the basis for the termination of the right of disposition of votes represented by the voting shares constituting the issuer's charter capitalThe remaining number of votes after the termination of the relevant right ofthe entity, which the entity has the right of indirect disposition for, amountsto less than 5 percent of the total number of votes of the voting sharesconstituting the charter capital of the issuer.
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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of September 30, 2012 the chainconsisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family"stores and 480 cosmetics stores (drogerie) in 1,504 cities and towns throughoutthe Russian 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 September 30, 2012 Magnit operated an in-house logistics systemconsisting of 17 distribution centers, employing automated stock replenishmentsystems and a fleet of 4,082 vehicles.
In accordance with the reviewed IFRS consolidated financial statements for 1H2012, the Magnit recorded consolidated revenues of approximately $6.7 billionUSD and a consolidated EBITDA of $671 million USD.
Related Shares:
MGNT.L