24 Sep 2015 09:37
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, September 24
Press-release
Krasnodar
September 24, 2015
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, September 24, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the 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: | 0.001655% |
Ordinary shares stake before change: | 0.001655% |
Share in charter capital after change: | 0.001681% |
Ordinary shares stake after change: | 0.001681% |
Date of change of share in the charter capital: | September 23, 2015 |
Date of the fact being reported: | September 24, 2015 |
For further information. please contact:
Timothy Post | Director, Investor RelationsEmail: post@magnit.ruOffice: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
Dina Svishcheva | Deputy Director, Investor RelationsEmail: Chistyak@magnit.ruOffice: +7-861-277-45-54 x 15101Mobile: +7-961-511-0202Direct Line: +7-861-277-4562 |
Media Inquiries | PR and GR Departmentpress@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.