11th Feb 2011 13:45
Press-release
Krasnodar
February 11, 2011
OJSC "Magnit" announces the inclusion of its shares into the Quotation list "A" of the first level at MICEX
Krasnodar, February 11, 2011: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the inclusion (transfer) of its shares into the Quotation list "A" of the first level at MICEX.
Dear Ladies and Gentlemen!
We are pleased to inform you that by decision of CJSC "MICEX Stock Exchange" of 29.12.2010 the ordinary shares of OJSC "Magnit" were transferred from the Quotation list "A" of the second level into the Quotation list "A" of the first level of CJSC "MICEX Stock Exchange", and the Amendments № 1194 to the List of securities admitted to trading at CJSC "MICEX Stock Exchange" were approved.
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 December 31, 2010 the chain consisted of 4,002 convenience stores, 51 hypermarkets and 2 cosmetics stores (drogerie) in 1,216 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 December 31, 2010 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,642 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million
Related Shares:
MGNT.L