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29 Mar 2016 08:56
PJSC MAGNIT - Material FactPJSC MAGNIT - Material Fact
PR Newswire
London, March 29
Press-release
Krasnodar
March 29, 2016
PJSC “Magnit” Announces the Change of Share of the Entity under the Issuer’s Control
Krasnodar, March 29, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the change of share of 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 acquisition: | voting shares of the Issuer |
| Disposal of shares | |
| Date of change: | March 21, 2016 |
| Amount of disposed shares: | 17,801 shares (0.018825% of the total equity) |
| Basis for disposal: | Sale and Purchase Agreement executed in the trading of MICEX Stock Exchange |
| Amount of votes before disposal: | 20,303 votes (0.021471% of the total number of votes) |
| Amount of votes after disposal: | 2,502 votes (0.002646% of the total number of votes) |
| Acquisition of shares | |
| Date of change: | March 25, 2016 |
| Date of the fact being reported to the Issuer: | March 29, 2016 |
| Amount of acquired shares: | 4,500 shares (0.004759% of the total equity) |
| Basis for acquisition: | Sale and Purchase Agreement executed in the trading of MICEX Stock Exchange |
| Amount of votes before acquisition: | 2,502 votes (0.002646% of the total number of votes) |
| Amount of votes after acquisition: | 7,002 votes (0.007405% of the total number of votes) |
For further information, please contact:
| Timothy Post | Head of Investor RelationsEmail: post@magnit.ruOffice: +7-861-277-4554 x 17600Mobile: +7-961-511-7678Direct Line: +7-861-277-4562 |
| Investor Relations Office | MagnitIR@magnit.ruDirect Line: +7-861-277-4562Website: ir.magnit.com/ |
| Media Inquiries | Media Relations 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 December 31, 2015, Magnit operated 33 distribution centers and about 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 audited IFRS results 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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