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Magnit
Major Shareholding Notification • Jul 31, 2014
6413_rns_2014-07-31_02cab7bc-8230-456d-b4d6-c98428d7208b.html
Major Shareholding Notification
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OJSC MAGNIT - Change of Share
PR Newswire
London, July 31
Press-releaseKrasnodarJuly 31, 2014OJSC "Magnit" Announces Change of Share in the Charter CapitalKrasnodar, July 31, 2014: OJSC "Magnit", Russia's largest food retailer (the"Company"; MICEX and LSE: MGNT), announces change of share in the chartercapital of OJSC "Magnit" (ordinary shares stake) owned by KhachaturPombukhchan, the chairman of OJSC "Magnit" Board of Directors.Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit"person: Board of DirectorsCompany: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, RussiaShare in the charter 0.00111%capital before change:Ordinary shares stake 0.00111%before change:Share in the charter 0.000635%capital after change:Ordinary shares stake 0.000635%after change:Date of change of share in July 30, 2014the charter capital:Date of the fact being July 31, 2014reported:For further information, please contact:Timothy Post Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562Dina Svishcheva Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562Company description:Magnit is Russia's largest food retailer. Founded in 1994, the company isheadquartered in the southern Russian city of Krasnodar. As of June 30, 2014,Magnit operated 24 distribution centers and over 8,600 stores (7,614convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 citiesand towns throughout 7 federal regions of the Russian Federation.In accordance with the audited IFRS consolidated financial statements for 2013,Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 million USD.Magnit's local shares are traded on the Moscow Stock Exchange (MICEX: MGNT) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.
