MAGNIT PJSC "Magnit" Announces the Change of Share of the Entity under the Issu er'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: | voting shares of the Issuer |
January 18, 2016 | Acquisition of shares |
Amount of acquired shares: | 5,731 shares (0.006061% of the total equity) |
Basis for acquisition: | Sale and Purchase Agreements executed in the trading of MICEX Stock Exchange |
Amount of votes before acquisition: | 31,677 votes (0.033499% of the total number of votes) |
Amount of votes after acquisition: | 37,408 votes (0.039560% of the total number of votes) |
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: http://ir.magnit.com/ |
Media Inquiries | Media Relations Department press@magnit.ru |
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 about 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 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.
