7th Nov 2011 14:00
Press-release
Krasnodar
November 7, 2011
OJSC "Magnit" announces acquisition by the entity of the right of disposal of votes represented by voting shares
Krasnodar, November 7, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the acquisition by the entity of the right of disposal of a certain number of votes represented by voting shares constituting the issuer's charter capital.
Full name of the entity which has acquired the right of disposal of votes represented by voting shares constituting the issuer's charter capital
| OppenheimerFunds, Inc. Location: 6803 S. Tucson Way, Centennial, CO 80112, United States of America |
Type of the right of disposal of votes represented by voting shares constituting the issuer's charter capital acquired by the entity
| indirect disposal
|
Organizations under entity's control through which the entity has acquired the right of indirect disposal of votes represented by voting shares constituting the issuer's charter capital
| Full name of the organization: OFI Institutional Asset Management, Inc. Location: 6803 S. Tucson Way, Centennial, CO 80112, United States of America |
Character of the right of votes disposal
| joint disposal with other entities |
Direct disposal jointly with the following entities: | Full name of the entity: Oppenheimer Global Allocation Fund Location: Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
Full name of the entity: Pacific Select Emerging Markets Portfolio Location: 700 Newport Dr Newport Beach, CA 92660
Full name of the entity: PL Emerging Markets Fund Location: 700 Newport Dr Newport Beach, CA 92660
Full name of the entity: Oppenheimer Developing Markets Fund Location: Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
Full name of the entity: Transamerica Oppenheimer Developing Markets Location: Transamerica Asset Management Group 570 Carillon Parkway St.Petersburg, FL 33716-1202
|
Indirect disposal (through OFI Institutional Asset Management, Inc.) jointly with the following entities: | Full name of the entity: Vital Forsikring ASA Location: Folke Bernadottesvei 40, Postbox 7500, Bergen, Norway
Full name of the entity: OFITC Emerging Markets Equity Fund Location: Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
Full name of the entity: Stichting Pensioenfonds Hoogovens Location: P.O. Box 10, 000 1970 CA ljmuiden, The Netherlands
Full name of the entity: OFII Emerging Markets Equity Fund LP Location: Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008
|
The basis for the acquisition of the right of disposal of votes represented by voting shares constituting the issuer's charter capital
| trust management contracts and other agreements the subject of which is execution of rights certified by the entity's shares |
Number and percentage of votes represented by voting shares constituting the issuer's charter capital which the entity had right to dispose prior to occurrence of the corresponding basis
| 4,418,819 votes (4.9664%) |
Number and percentage of votes represented by voting shares constituting the issuer's charter capital which the entity had right to dispose after occurrence of the corresponding basis
| 4,472,389 votes (5.0266%) |
Date of occurrence of the basis for the acquisition of the right of disposal of votes represented by voting shares constituting the issuer's charter capital | September 14, 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 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