Press-release
Krasnodar
July 7, 2014
OJSC "Magnit" Announces the Change of Share of the BoD Members and the Members
of the Management Board in the Charter Capital
Krasnodar, July 7, 2014: OJSC "Magnit", Russia's largest food retailer (the
"Company"; MICEX and LSE: MGNT), announces the change of share of the BoD
members and the members of the Management Board in the charter capital.
On July 7, 2014 the Company has been notified of the following changes of share
of the BoD members and the members of the Management Board in its charter
capital (date of change: July 3, 2014).
Name and Share in the Share of the Share in the Share of the
position charter capital ordinary shares charter capital ordinary shares
before change before change after change after change
Khachatur 0,00077% 0,00077% 0,0016% 0,0016%
Pombukhchan
Chairman of
the BoD
Andrey 0,20677% 0,20677% 0,2076% 0,2076%
Arutyunyan
BoD member
Aslan 0,00286% 0,00286% 0,00369% 0,00369%
Shkhachemukov
BoD member
Alexander 0,00335% 0,00335% 0,00418% 0,00418%
Barsukov
member of the
Management
Board
Ilya Sattarov 0% 0% 0,00083% 0,00083%
member of the
Management
Board
Marina Ivanova 0,00312% 0,00312% 0,00395% 0,00395%
member of the
Management
Board
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.