Press-release
Krasnodar
August 24, 2015
PJSC "Magnit" Announces the Change of Share in the Charter Capital
Krasnodar, August 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: | 0.003532% |
Ordinary shares stake before change: | 0.003532% |
Share in charter capital after change: | 0.003559% |
Ordinary shares stake after change: | 0.003559% |
Date of change of share in the charter capital: | August 20, 2015 |
Date of the fact being reported: | August 24, 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 |
Media Inquiries | PR and GR Department press@magnit.ru |
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 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.