Press-release
Krasnodar
October 29, 2015
PJSC “Magnit” Announces the Change of Share of the BoD and the Management Board Members in the Charter Capital
Krasnodar, October 29, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share of the BoD and the Management Board Members in the charter capital.
On October 29, 2015 the Company was notified of the following changes of share of the BoD and the Management Board Members in the charter capital.
| Name and position |
Share in the charter capital before change |
Share of the ordinary shares before change |
Share in the charter capital after change |
Share of the ordinary shares after change |
Date of change |
Khachatur Pombukhchan
Chairman of the BoD |
0,00 % |
0,00 % |
0,000053 % |
0,000053 % |
October 23, 2015 |
Alexander Barsukov
Member of the Management Board |
0,000423 % |
0,000423 % |
0,000212 % |
0,000212 % |
October 20, 2015 |
Alexander Barsukov
Member of the Management Board |
0,000212 % |
0,000212 % |
0,00 % |
0,00 % |
October 21, 2015 |
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 |
| Media Inquiries |
PR and GR Department
press@magnit.ru |
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, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015, Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 billion. Magnit's local shares are traded on the Moscow Stock 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.