Press-release
Krasnodar
September 12, 2014
OJSC "Magnit" Announces Change of Share in the Charter Capital
Krasnodar, September 12, 2014: OJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), announces change of share in the charter
capital of OJSC "Magnit" (ordinary shares stake) owned by Sergey Galitskiy,
Chief Executive Officer of OJSC "Magnit", the member of the OJSC "Magnit" Board
of Directors, the chairman of the OJSC "Magnit" Management Board.
Name and position of the Sergey Galitskiy, Chief Executive Officer of OJSC
person: "Magnit", the member of the OJSC "Magnit" Board of
Directors, the chairman of the OJSC "Magnit"
Management Board
Company: Open joint-stock company "Magnit", 15/5, Solnechnaya
street, Krasnodar, Russia
Share in the charter 38.6659%
capital before change:
Ordinary shares stake 38.6659%
before change:
Share in the charter 38.1371%
capital after change:
Ordinary shares stake 38.1371%
after change:
Date of change of share in September11, 2014
the charter capital:
Date of the fact being September11, 2014
reported:
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
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 June 30, 2014,
Magnit operated 24 distribution centers and over 8,600 stores (7,614
convenience, 226 hypermarkets, and 778 drogeries) in approximately 2,000 cities
and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H
2014, Magnit had revenues of $9,979 million USD and an EBITDA of $1,045 million
USD. Magnit's local shares are traded on the Moscow Stock Exchange (MICEX:
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.