7th Jul 2011 07:40
Press-release
Krasnodar
July 7, 2011
OJSC "Magnit": Agreement on the provision of dividend payment services
Krasnodar, July 7, 2011: OJSC «Magnit» (the "Company", the "Issuer"; RTS, MICEX and LSE: MGNT) has executed an agreement with OJSC "Objedinennaya registratsionnaya kompaniya" on the provision of dividend payment services.
We would like to inform you that on July 7, 2011 OJSC "Magnit" has signed the agreement with OJSC "Objedinennaya registratsionnaya kompaniya" (ORK) on the provision of services of dividend payment announced by the Issuer, accounting of paid, unpaid and returned dividends. Amount of remuneration to be paid to ORK is 348 000 rubles excluding VAT.
Full company name and the address:
Open joint-stock company "Objedinennaya registratsionnaya kompaniya"
19, Leninskaya Sloboda str., Moscow, 115280, Russia
Taxpayer Id Number: 7705108630
Principle State Registration Number: 1027700036540
Type of securities, state registration number of the securities issue and the date of registration:
Ordinary registered uncertified shares, 1-01-60525-P of 04.03.2004
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