16th Jul 2010 07:00
Press-release
Krasnodar
July 16, 2010
OJSC "Magnit" announces the members of the Management Board elected by the BOD
Krasnodar, July 16, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX, LSE: MGNT) is pleased to announce the members of the Management Board elected by the Board of Directors.
Board of OJSC "Magnit" Directors adopted the following decision on the meeting held on July 15, 2010:
"To elect the following candidates to Management Board of OJSC "Magnit":
- Alexander Barsukov,
- Sergey Galitsky,
- Ekaterina Kister,
- Alexander Pisarenko".
|
Full name |
Share interest in the authorized capital stock of the joint-stock company |
Stake of ordinary shares of the joint-stock company |
Share interest in the authorized capital stock of subsidiaries and affiliates of the joint-stock company |
Stake of ordinary shares of the joint-stock company and/or its subsidiaries and affiliates that can be purchased as a result of exercise of rights on the options of the issuer and/or its subsidiaries and affiliates |
|
Barsukov Alexander |
No |
No |
No |
No |
|
Galitskiy Sergey |
41,09% |
41,09% |
No |
No |
|
Kister Ekaterina |
No |
No |
No |
No |
|
Pisarenko Alexander |
No |
No |
No |
No |
The minutes w/o N are executed as of July 15, 2010.
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 June 30, 2010 the chain consisted of 3,464 convenience stores and 28 hypermarkets in 1,109 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 and Urals regions.
As of June 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 1,713 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2009, the Company recorded consolidated revenue of approximately US$5,354 million and consolidated EBITDA of around US$509 million
Related Shares:
MGNT.L