Press Release
Krasnodar
July 19, 2016
PJSC “Magnit” Announces the Disposal of Shares by the Entity under the Issuer’s Control
Krasnodar, July 19, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company", the "Issuer", MOEX and LSE: MGNT), announces the disposal of shares by the entity which is under the Issuer’s control.
| Full company name and address: |
Joint Stock Company “Tander”
185, Levanevskogo street, Krasnodar, Russia |
| Taxpayer Id Number: |
2310031475 |
| Principal State Registration Number: |
1022301598549 |
| Object of acquisition/ disposal: |
Ordinary registered uncertified voting shares with a state registration No. 1-01-60525-P of 04.03.2004, International Stock Identification Number (ISIN) RU000A0JKQU8 |
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Disposal of shares |
| Date of change: |
July 15, 2016 |
| Amount of disposed shares: |
11,829 shares (0.012509% of the total equity) |
| Basis for disposal: |
Sale and Purchase Agreement executed in the trading of MICEX Stock Exchange |
| Amount of votes before disposal: |
122,702 votes (0.129759% of the total number of votes) |
| Amount of votes after disposal: |
110,873 votes (0.117250% of the total number of votes) |
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 June 30, 2016, Magnit operated 34 distribution centers and 12,888 stores (9,902 convenience, 398 hypermarkets, and 2,588 drogerie stores) in 2,397 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results 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