Press-release
Krasnodar
February 9, 2016
PJSC “Magnit” Announces the Change of Share of the Management Board Member in the Charter Capital
Krasnodar, February 9, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”; MOEX and LSE: MGNT), announces the change of share in the charter capital of PJSC “Magnit" (ordinary shares stake) owned by Alexander Barsukov, the member of the PJSC “Magnit” Management Board.
On February 9, 2016 the Company was notified of the following changes of share of Alexander Barsukov, the Management Board member, in the charter capital.
| Date of change |
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 |
| February 3, 2016 |
0,000888% |
0,000888% |
0,000317% |
0,000317% |
| February 4, 2016 |
0,000317% |
0,000317% |
0,0% |
0,0% |
For further information, please contact:
| Timothy Post |
Head of Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562 |
| Investor Relations Office |
MagnitIR@magnit.ru
Direct Line: +7-861-277-4562
Website: ir.magnit.com/ |
| Media Inquiries |
Media Relations 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 December 31, 2015, Magnit operated 33 distribution centers and 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS management accounts for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.