17 Jul 2015 14:57
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, July 17
Press-release
Krasnodar
July 17, 2015
PJSC “Magnit” Announces the Changes of Share in the Charter Capital
Krasnodar, July 17, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the changes of share of the PJSC “Magnit” Board of Directors member in the charter capital.
On July 17, 2015 the Company was notified of the following changes of share of Aslan Shkhachemukov, the Board of Directors member, in the charter capital.
| Date of change | Share in the charter capital before change | Share of the ordinary shares before change | Share in the charter capital after change | Share of the ordinary shares after change |
| July 9, 2015 | 0,007215% | 0,007215% | 0,007332% | 0,007332% |
| July 10, 2015 | 0,007332% | 0,007332% | 0,007437% | 0,007437% |
| July 13, 2015 | 0,007437% | 0,007437% | 0,007440% | 0,007440% |
| July 14, 2015 | 0,007440% | 0,007440% | 0,007112% | 0,007112% |
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 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.