Press-release
Krasnodar
December 22, 2014
PJSC "Magnit" Announces the Change of Share in the Charter Capital
Krasnodar, December 22, 2014: PJSC "Magnit", Russia's largest food retailer
(the "Company"; MICEX and LSE: MGNT), announces the change of share in the
charter capital of PJSC "Magnit" (ordinary shares stake) owned by Sergey
Galitskiy, Chief Executive Officer of PJSC "Magnit", the member of the PJSC
"Magnit" Board of Directors, the chairman of the PJSC "Magnit" Management
Board.
Name and position of the Sergey Galitskiy, Chief Executive Officer of PJSC
person: "Magnit", the member of the PJSC "Magnit" Board of
Directors, the chairman of the PJSC "Magnit"
Management Board
Company: Public joint-stock company "Magnit", 15/5,
Solnechnaya street, Krasnodar, Russia
Share in the charter 38.1371%
capital before change:
Ordinary shares stake 38.1371%
before change:
Share in the charter 37.5820%
capital after change:
Ordinary shares stake 37.5820%
after change:
Date of change of share in December18, 2014
the charter capital:
Date of the fact being December22, 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 September 30,
2014, Magnit operated 25 distribution centers and over 9,020 stores (7,891
convenience, 243 hypermarkets, and 886 drogerie stores) 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.