Press-release
Krasnodar
May 30, 2014
OJSC "Magnit" Announces Change of Share in the Charter Capital
Krasnodar, May 30, 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 Khachatur
Pombukhchan, the chairman of OJSC "Magnit" Board of Directors.
Name and position of the Khachatur Pombukhchan, the chairman of OJSC "Magnit"
person: Board of Directors
Company: Open joint-stock company "Magnit", 15/5, Solnechnaya
street, Krasnodar, Russia
Share in charter capital 0.00141%
before change:
Ordinary shares stake 0.00141%
before change:
Share in charter capital 0.00077%
after change:
Ordinary shares stake 0.00077%
after change:
Date of change of share in May 29, 2014
the charter capital:
Date of the fact being May 30, 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 March 31, 2014,
Magnit operated 23 distribution centers and over 8,200 stores (7,341
convenience, 215 hypermarkets, and 700 cosmetics) in more than 1,905 cities and
towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2013,
Magnit had revenues of $18,202 million USD and an EBITDA of $2,032 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.