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Magnit
Major Shareholding Notification • Jun 24, 2015
6413_rns_2015-06-24_5d85e957-4ff8-40ea-9846-6b589a448611.html
Major Shareholding Notification
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PJSC MAGNIT - Change of Share
PR Newswire
London, June 24
Press-release
Krasnodar
June 24, 2015
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, June 24, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Khachatur Pombukhchan, the chairman of PJSC “Magnit” Board of Directors.
| Name and position of the person: | Khachatur Pombukhchan, the chairman of PJSC “Magnit” Board of Directors |
| Company: | Public Joint Stock Company “Magnit”, 15/5, Solnechnaya street, Krasnodar, Russia |
| Share in charter capital before change: | 0.002591% |
| Ordinary shares stake before change: | 0.002591% |
| Share in charter capital after change: | 0.002617% |
| Ordinary shares stake after change: | 0.002617% |
| Date of change of share in the charter capital: | June 22, 2015 |
| Date of the fact being reported: | June 24, 2015 |
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: +7-861-277-4562 |
| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of March 31, 2015, Magnit operated 28 distribution centers and over 10,000 stores (8,581 convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately 2,180 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2014, Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion. Magnit's local shares are traded on the Moscow Stock 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.
