24 Jul 2015 13:54
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, July 24
Press-release
Krasnodar
July 24, 2015
PJSC “Magnit” Announces the Change of Share of the BoD Members and the Member of the Management Board in the Charter Capital
Krasnodar, July 24, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share of the BoD members and the member of the Management Board in the charter capital.
On July 24, 2015 the Company has been notified of the following changes of share of the BoD members and the member of the Management Board in its charter capital.
| Name and position | 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 | Date of change |
| Aslan Shkhachemukov BoD Member | 0,007112% | 0,007112% | 0,006202% | 0,006202% | July 17, 2015 |
| Khachatur Pombukhchan Chairman of the BoD | 0,003506% | 0,003506% | 0,003532% | 0,003532% | July 22, 2015 |
| Marina Ivanova Member of the Management Board | 0,004012% | 0,004012% | 0,002955% | 0,002955% | July 22, 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 |
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 unaudited IFRS management accounts 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.
MGNT.L (MGNT)