Press-release
Krasnodar
May 29,
2015
PJSC “Magnit” Announces Change of
Share in the Charter Capital
Krasnodar, May 29, 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 0.003008% to 0.003124%.
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: |
0.003008% |
Ordinary shares stake
before change: |
0.003008% |
Share in charter
capital after change: |
0.003124% |
Ordinary shares stake
after change: |
0.003124% |
Date of change of
share in the charter capital: |
May 28,
2015 |
Date of the fact being
reported: |
May 29,
2015 |
For further information, please
contact:
Timothy Post |
Director, Investor
Relations
Email: post@magnit.ru
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: Chistyak@magnit.ru
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.