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Magnit
Share Issue/Capital Change • Oct 14, 2015
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Share Issue/Capital Change
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PJSC MAGNIT - Change of Share
PR Newswire
London, October 14
Press-release
Krasnodar
October 14, 2015
PJSC “Magnit” Announces Change of Share in the Charter Capital
Krasnodar, October 14, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Marina Ivanova, the member of the PJSC “Magnit” Management Board, from 0.003022% to 0.002119%.
| Name and position of the person: | Marina Ivanova, the member of the PJSC “Magnit” Management Board |
| Company: | Public Joint Stock Company “Magnit”, 15/5, Solnechnaya street, Krasnodar, Russia |
| Share in charter capital before change: | 0.003022% |
| Ordinary shares stake before change: | 0.003022% |
| Share in charter capital after change: | 0.002119% |
| Ordinary shares stake after change: | 0.002119% |
| Date of change of share in the charter capital: | October 9, 2015 |
| Date of the fact being reported: | October 14, 2015 |
| 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 |
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| Dina Svishcheva | Deputy Director, Investor Relations Email: [email protected] Office: +7-861-277-4554 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
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| Media Inquiries | PR and GR Department [email protected] |
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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.
