20 Dec 2016 14:23
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, December 20
Press Release
Krasnodar
December 20, 2016
Magnit Announces the Disposal of Shares by the Entity under the Issuer’s Control
Krasnodar, Russia (December 20, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the disposal of shares by 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 disposal: | Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8 |
| Disposal of shares | |
| Date of change: | December 15, 2016 |
| Amount of disposed shares: | 10,527 shares (0.011132% of the total equity) |
| Basis for disposal: | Sale and Purchase Agreement executed in the trading of Closed Joint Stock Company «MICEX Stock Exchange» |
| Amount of votes before disposal: | 19,578 votes (0.020704% of the total number of votes) |
| Amount of votes after disposal: | 9,051 votes (0.009572% of the total number of votes) |
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: post@magnit.ru |
| Investor Relations Office | MagnitIR@magnit.ruDirect Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Departmentpress@magnit.ru |
Company description:
Public Joint Stock Company “Magnit” is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2016, Magnit operated 33 distribution centers and 13,364 stores (10,138 convenience, 407 hypermarkets and 2,819 drogerie stores) in 2,436 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements 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 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.