OJSC Magnit (MGNT) - Material Fact RNS Number : 2528C OJSC Magnit 27 April 2012 Press-release Krasnodar April 27, 2012 OJSC "Magnit" announces the disposal of shares by the entity under the issuer's control Krasnodar, April 27, 2012: OJSC "Magnit" (the "Company", the "Issuer", RTS, MICEX and LSE: MGNT) announces the disposal of shares by the entity which is under Issuer's control. joint-stock company "Tander" Full company name and address: 185, Levanevskogo street, Krasnodar, Russia Taxpayer Id Number: 2310031475 Principal State Registration Number: 1022301598549 Object of disposal/acquisition: voting shares of the Issuer Amount of disposed shares: 91,761 shares (0.097% of the total equity) Basis for disposal: Securities Purchase Agreement № 27/04/12 of 27.04.2012; Amount of votes before disposal: 101,670 votes (0.1075% of the total number of votes) Amount of votes after disposal: 9,909 votes (0.0105% of the total number of votes) Date of disposal April 27, 2012 For further information, please contact: Oleg Goncharov Director, Investor Relations e-mail: Goncharov@gw.tander.ru Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100 Mob.: +7 (903) 411-40-35 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Manager, Investor Relations e-mail: Chistyak@gw.tander.ru Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101 Mob.: +7-961-511-02-02 Direct line for investors only: +7 (861) 277-45-62 Company description: Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is the holding company for a group of entities that operate in the retail trade under the "Magnit" brand. The chain of "Magnit" stores is one of the leading food retail networks in Russia. As of March 31, 2012 the chain consisted of 5,104 convenience stores, 96 hypermarkets and 266 cosmetics stores (drogerie) in 1,424 locations in the Russian Federation. Approximately two-thirds of the Company's stores are located in cities with a population of less than 500,000 inhabitants. Most of its stores are located in the Southern, North-Caucasian, Central and Volga regions. The Company also operates stores in the North-Western, Urals and Siberian regions. As of March 31, 2012 the Company operated an in-house logistics system consisting of 15 distribution centers, employing automated stock replenishment systems and a fleet of 3,922 vehicles. In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million. This information is provided by RNS The company news service from the London Stock Exchange END MSCLLFLLSSIDFIF -0- Apr/27/2012 11:15 GMT
OJSC Magnit MGNT Material Fact
Press spacebar to pause and continue. Press esc to stop.