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Magnit
Major Shareholding Notification • Nov 9, 2016
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Major Shareholding Notification
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PJSC MAGNIT - Change of Share in the Charter Capital
PR Newswire
London, November 9
Press Release
Krasnodar
November 9, 2016
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, Russia (November 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Vladimir Gordeychuk, the member of the PJSC “Magnit” Board of Directors.
On November 9, 2016 the Company was notified of the following change of share of Vladimir Gordeychuk, the member of the PJSC “Magnit” Board of Directors, in the charter capital.
| Date of change | Share in the charter capital before change |
Share of the ordinary shares before change |
Share in the charter capital after change |
Share of the ordinary shares after change |
| November 9, 2016 | 2.3295% | 2.3295% | 1.0605% | 1.0605% |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1Details of the person discharging managerial responsibilities/person closely associateda)NameVladimir Evgenievich Gordeychuk2Reason for the notificationa)Position/statusMember of the Board of Directors of PJSC “Magnit”b)Initial notification/ AmendmentInitial notification3Details of the issuera)NamePublic Joint Stock Company “Magnit”b)LEI-4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument Identification codeShare
ISIN RU000A0JKQU8b)Nature of the transactionDisposalc)Price(s) and volume(s)
| Price(s) $ | Volume(s) |
| $ 148.926 | 1 200 000 |
d)Aggregated information
— Aggregated volume
— Price
| Price | Aggregated volume |
| $148.926 | 1 200 000 |
e)Date of the transactionNovember 4, 2016f)Place of the transactionoutside the trade venue
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: [email protected] Office: +7-861-277-4554 x 17600 Direct Line: +7-861-277-4562 |
| Investor Relations Office | [email protected] Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department [email protected] |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 billion. Magnit's local shares are traded on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one of the largest retailers in Europe.
