2 Feb 2016 11:55
PJSC MAGNIT - Change of SharePJSC MAGNIT - Change of Share
PR Newswire
London, February 2
Press-release
Krasnodar
February 2, 2016
PJSC “Magnit” Announces the Change of Share in the Charter Capital
Krasnodar, February 2, 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 Ilya Sattarov, the member of the PJSC “Magnit” Management Board.
On February 2, 2016 the Company was notified of the following changes of share of Ilya Sattarov, the Management Board member, 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 |
| January 25, 2016 | 0,002375% | 0,002375% | 0,002164% | 0,002164% |
| January 28, 2016 | 0,002164% | 0,002164% | 0,002163% | 0,002163% |
| February 1, 2016 | 0,002163% | 0,002163% | 0,001883% | 0,001883% |
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 reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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)