Press-release
Krasnodar
July 24, 2015
PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control
Krasnodar, July 24, 2015: PJSC "Magnit", Russia's largest food retailer (the "Company", the "Issuer", MOEX and LSE: MGNT), announces the change of share of the entity which is under the Issuer's control.
Full company name and address: | Joint Stock Company "Tander" 185, Levanevskogo street, Krasnodar, Russia |
Taxpayer Id Number: | 2310031475 |
Principal State Registration Number: | 1022301598549 |
Object of acquisition: | voting shares of the Issuer |
July 22, 2015 | Disposal of shares |
Amount of disposed shares: | 6,702 shares (0.007087% of the total equity) |
Basis for disposal: | Repurchase Agreement |
Amount of votes before disposal: | 47,019 votes (0.049723% of the total number of votes) |
Amount of votes after disposal: | 40,317 votes (0.042636% of the total number of votes) |
July 22, 2015 | Acquisition of shares |
Amount of acquired shares: | 10,800 shares (0.011421% of the total equity) |
Basis for acquisition: | Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange |
Amount of votes before acquisition: | 40,317 votes (0.042636% of the total number of votes) |
Amount of votes after acquisition: | 51,117 votes (0.054057% of the total number of votes) |
July 23, 2015 | Acquisition of shares |
Amount of acquired shares: | 6,702 shares (0.007087% of the total equity) |
Basis for acquisition: | Repurchase Agreement |
Amount of votes before acquisition: | 51,117 votes (0.054057% of the total number of votes) |
Amount of votes after acquisition: | 57,819 votes (0.061144% of the total number of votes) |
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 June 30, 2015, Magnit operated 29 distribution centers and over 10,700 stores (8,890 convenience, 311 hypermarkets, and 1,527 drogerie stores) in approximately 2,233 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts 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.