Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,504.47 86.94 0.60%
TOPIX 1,169.66 3.07 0.26%
HANG SENG 22,760.24 64.23 0.28%

OJSC MAGNIT: Material Fact


Press-release

Krasnodar

November 23, 2012

OJSC "Magnit" announces the acquisition of shares by the entity under the issuer's control

Krasnodar, November 23, 2012: OJSC "Magnit" (the "Company", the "Issuer", MICEX and LSE: MGNT) announces the acquisition of shares by the entity which is under Issuer's control.

Full company name and joint-stock company "Tander" address:

185, Levanevskogo street, Krasnodar, Russia

Taxpayer Id Number: 2310031475

Principal State 1022301598549 Registration Number:

Object of acquisition: voting shares of the Issuer

Amount of acquired shares: 87 shares (0.00009% of the total equity)

Basis for acquisition: Securities Purchase Agreements executed in the

organized trading of MICEX Stock Exchange

Amount of votes before 92,542 votes (0.0978% of the total number of votes)

acquisition:

Amount of votes after 92,629 votes (0.0979% of the total number of votes)

acquisition:

Date of acquisition November 22, 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" (LSE and MICEX: MGNT, S&P: "BB-") 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 September 30, 2012 the chain consisted of 5,523 convenience stores, 105 hypermarkets, 11 "Magnit Family" stores and 480 cosmetics stores (drogerie) in 1,504 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 September 30, 2012 the Company operated an in-house logistics system consisting of 17 distribution centers, employing automated stock replenishment systems and a fleet of 4,082 vehicles.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2012, the Company recorded consolidated revenue of approximately US$ 6,776 million and consolidated EBITDA of around US$ 671 million.

END

-0- Nov/23/2012 11:13 GMT

Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement