18th Oct 2011 11:52
Press-release
Krasnodar
October 18, 2011
OJSC "Magnit": disposal and acquisition of shares by the entity under its control
Krasnodar, October 18, 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: | 435,601 shares (0.4896% of the total equity) |
Basis for disposal: | Additional agreement № 1 of 14.10.2011 to the Repurchase agreement № 04/10/11-RA; |
Amount of votes before disposal: | 895,938 votes (1.0070% of the total number of votes) |
Amount of votes after disposal: | 460,337 votes (0.5174% of the total number of votes) |
Date of disposal | October 14, 2011 |
Amount of acquired shares: | 332,317 shares (0.3735% of the total equity) |
Basis for acquisition: | Repurchase agreement № 14/10/11-RA of 14.10.2011 |
Amount of votes before acquisition: | 460,337 votes (0.5174% of the total number of votes) |
Amount of votes after acquisition: | 792,654 votes (0.8909% of the total number of votes) |
Date of acquisition: | October 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