9 Nov 2016 11:25
PJSC MAGNIT - Change of Share in the Charter CapitalPJSC MAGNIT - Change of Share in the Charter Capital
PR Newswire
London, November 9
Press Release
Krasnodar
November 9, 2016
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, Russia (November 9, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Vladimir Gordeychuk, the member of the PJSC “Magnit” Board of Directors.
On November 9, 2016 the Company was notified of the following change of share of Vladimir Gordeychuk, the member of the PJSC “Magnit” Board of Directors, 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 |
| November 9, 2016 | 2.3295% | 2.3295% | 1.0605% | 1.0605% |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Vladimir Evgenievich Gordeychuk | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Member of the Board of Directors of PJSC “Magnit” | ||||
| b) | Initial notification/ Amendment | Initial notification | ||||
| 3 | Details of the issuer | |||||
| a) | Name | Public Joint Stock Company “Magnit” | ||||
| b) | LEI | - | ||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument Identification code | Share ISIN RU000A0JKQU8 | ||||
| b) | Nature of the transaction | Disposal | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information — Aggregated volume — Price |
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| e) | Date of the transaction | November 4, 2016 | ||||
| f) | Place of the transaction | outside the trade venue | ||||
For further information, please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
| Media Inquiries | Media Relations Department press@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.