Press Release
Krasnodar
August 18, 2016
PJSC "Magnit" Announces the Change of Share of the Entity under the Issuer's Control
Krasnodar, August 18, 2016: Public Joint Stock Company "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/ disposal: | Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8 |
| Acquisition of shares | |
| Date of change: | August 15, 2016 |
| Date of the fact being reported to the Issuer: | August 18, 2016 |
| Amount of acquired shares: | 1,500 shares (0.001586% of the total equity) |
| Basis for acquired: | Sale and Purchase Agreement executed in the trading of MICEX Stock Exchange |
| Amount of votes before acquired: | 8,061 votes (0.008525% of the total number of votes) |
| Amount of votes after disposal: | 9,561 votes (0.010111% of the total number of votes) |
| Disposal of shares | |
| Date of change: | August 15, 2016 |
| Amount of disposed shares: | 1,485 shares (0.001570% of the total equity) |
| Basis for disposal: | Sale and Purchase Agreement executed in the trading of MICEX Stock Exchange |
| Amount of votes before disposal: | 9,561 votes (0.010111% of the total number of votes) |
| Amount of votes after disposal: | 8,076 votes (0.008540% of the total number of votes) |
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations 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, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 1H 2016, Magnit had revenues of RUB 522 billion and an EBITDA of RUB 52 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.
