1 Apr 2015 14:58
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, April 1
Press-release Krasnodar April 1, 2015 PJSC "Magnit" Announces Change of Share in the Charter Capital Krasnodar, April 1, 2015: PJSC "Magnit", Russia's largest food retailer (the"Company"; MOEX and LSE: MGNT), announces the change of share in the chartercapital of PJSC "Magnit" (ordinary shares stake) owned by Marina Ivanova, themember of the PJSC "Magnit" Management Board, from 0.003441% to 0.002119%. Name and position of the Marina Ivanova, the member of the PJSC "Magnit"person: Management Board Company: Publicjoint-stock company "Magnit", 15/5, Solnechnaya street, Krasnodar, Russia Share in charter capital before 0.003441%change: Ordinary shares stake before 0.003441%change: Share in charter capital after 0.002119%change: Ordinary shares stake after 0.002119%change: Date of change of share in the March 26 , 2015charter capital: Date of the fact being April 1, 2015reported: 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 isheadquartered in the southern Russian city of Krasnodar. As of December 31,2014, Magnit operated 27 distribution centers and over 9,700 stores (8,344convenience, 287 hypermarkets, and 1,080 drogerie stores) in approximately2,100 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) andits GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit ratingfrom Standard & Poor's of BB. Measured by market capitalization, Magnit is oneof the largest retailers in Europe.