AI Terminal
Magnit
Share Issue/Capital Change • Sep 12, 2014
6413_rns_2014-09-12_9786f2cf-fafd-45a6-8ac8-5da6cb473566.html
Share Issue/Capital Change
Open in ViewerOpens in native device viewer
National Storage Mechanism | Additional information
You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.
OJSC MAGNIT - Change of Share
PR Newswire
London, September 12
Press-releaseKrasnodarSeptember 12, 2014OJSC "Magnit" Announces Change of Share in the Charter CapitalKrasnodar, September 12, 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 Sergey Galitskiy,Chief Executive Officer of OJSC "Magnit", the member of the OJSC "Magnit" Boardof Directors, the chairman of the OJSC "Magnit" Management Board.Name and position of the Sergey Galitskiy, Chief Executive Officer of OJSCperson: "Magnit", the member of the OJSC "Magnit" Board of Directors, the chairman of the OJSC "Magnit" Management BoardCompany: Open joint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, RussiaShare in the charter 38.6659%capital before change:Ordinary shares stake 38.6659%before change:Share in the charter 38.1371%capital after change:Ordinary shares stake 38.1371%after change:Date of change of share in September11, 2014the charter capital:Date of the fact being September11, 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 reviewed IFRS consolidated financial statements for 1H2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 millionUSD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a creditrating from Standard & Poor's of BB. Measured by market capitalization, Magnitis one of the largest retailers in Europe.
