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1 Apr 2016 07:52
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, April 1
Press-release
Krasnodar
April 1, 2016
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, April 1, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Sergey Galitskiy, Chief Executive Officer of PJSC “Magnit”, the member of the PJSC “Magnit” Board of Directors, the chairman of the PJSC “Magnit” Management Board.
| Name and position of the person: | Sergey Galitskiy, Chief Executive Officer of PJSC “Magnit”, the member of the PJSC “Magnit” Board of Directors, the chairman of the PJSC “Magnit” Management Board |
| Company: | Public Joint Stock Company “Magnit”, 15/5, Solnechnaya street, Krasnodar, Russia |
| Share in the charter capital before change: | 38.6659% |
| Ordinary shares stake before change: | 38.6659% |
| Share in the charter capital after change: | 35.1095% |
| Ordinary shares stake after change: | 35.1095% |
| Date of change of share in the charter capital: | March 31, 2016 |
| Date of the fact being reported: | March 31, 2016 |
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.
MGNT.L (MGNT)
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