27 Sep 2016 13:10
PJSC MAGNIT - Disposal of SharesPJSC MAGNIT - Disposal of Shares
PR Newswire
London, September 27
Press-release
Krasnodar
September 27, 2016
Magnit Announces the Disposal of Shares by the Entity under the Issuer’s Control
Krasnodar, Russia (September 27, 2016): Magnit PJSC, one of Russia’s leading retailers (the “Company”, the “Issuer”, MOEX and LSE: MGNT), announces the disposal of shares by 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: | Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Securities Identification Number (ISIN) RU000A0JKQU8 |
| Disposal of shares | |
| Date of change: | September 23, 2016 |
| Amount of acquired shares: | 7,052 shares (0.007458% of the total equity) |
| Basis for acquisition: | Sale and Purchase Agreement executed in the trading of Closed Joint Stock Company «MICEX Stock Exchange» |
| Amount of votes before disposal: | 15,534 votes (0.016427% of the total number of votes) |
| Amount of votes after disposal: | 8,482 votes (0.008970% of the total number of votes) |
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:
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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets and 2,588 drogerie stores) in 2,397 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.
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