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3 Mar 2016 07:11
PJSC MAGNIT - Material FactPJSC MAGNIT - Material Fact
PR Newswire
London, March 3
Press-release
Krasnodar
March 3, 2016
PJSC “Magnit” Announces the Exclusion of its Bonds from the Level 1 of the List of Securities Admitted to Trading at MICEX due to their Redemption
Krasnodar, March 3, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MICEX and LSE: MGNT), announces the exclusion of its bonds from the Level 1 of the List of securities admitted to trading at MICEX.
Please be informed that on March 2, 2016 bonds of the 01 series were excluded from the Level 1 of the List of securities admitted to trading at CJSC “MICEX Stock Exchange”, due to their redemption.
| Securities market maker: | Closed Joint Stock Company “MICEX Stock Exchange” |
| Type of securities: | Non-convertible interest-bearing certified bonds to the bearer with the obligatory centralized custody of the 01 series(state registration number of the issue 4-01-60525-P as of December 27, 2012) |
For further information. please contact:
| Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 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:
Magnit is Russia's largest food retailer. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.
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