Investor Presentaiton
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Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company Magnit is a holding company for a group of entities that operate in the retail trade
under the Magnit name. The chain of Magnit stores is one of the leading operators in the Russian food retail market. As of December 31, 2006 the chain consisted of
1 893 convenience stores in more than 600 locations of Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern,
Central and Volga regions. The Company also operates stores in the North West and Urals regions.
The Company operates an in-house logistics system consisting of 6 modern distribution centers, employing automated stock replenishment systems and a fleet of over
700 vehicles.
In accordance with the audited IFRS consolidated financial statements, in the year ended December 31, 2006, the Company posted consolidated revenues of
approximately 2 505 million USD and a consolidated EBITDA of around 123 million USD.
THIS PRESS RELEASE IS NOT AN OFFER FOR SALE OF THE SHARES IN THE UNITED STATES. THE SHARES MAY NOT BE OFFERED OR SOLD IN THE UNITED SATES ABSENT REGISTRATION OR AN EXEMPTION FROM
REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. THE COMPANY HAS NOT REGISTERED AND DOES NOT INTEND TO REGISTER ANY PORTION OF THE OFFERING IN THE UNITED STATES OR
TO CONDUCT A PUBLIC OFFERING OF THE SHARES IN THE UNITED STATES.
THIS PRESS RELEASE IS ONLY FOR DISTRIBUTION TO AND IS ONLY DIRECTED AT: (1) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM; OR (II) TO INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5)
OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 AS AMENDED (THE ORDER ); OR (III) HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE
ORDER; OR (IV) OTHER PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED IN ACCORDANCE WITH THE ORDER; OR (V) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH
PERSONS TOGETHER BEING REFERRED TO AS RELEVANT PERSONS ). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS PRESS RELEASE RELATES IS AVAILABLE ONLY TO, AND WILL BE ENGAGED
ONLY WITH, RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS PRESS RELEASE OR ANY OF ITS CONTENTS.
THE INFORMATION CONTAINED IN THIS PRESS RELEASE DOES NOT CONSTITUTE A PUBLIC OFFER UNDER ANY APPLICABLE LEGISLATION, OR AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY ANY
SECURITIES.
ANY OFFER OF SECURITIES TO THE PUBLIC THAT MAY BE DEEMED TO BE MADE PURSUANT TO THIS COMMUNICATION IN ANY EUROPEAN ECONOMIC AREA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE
2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURES IN ANY MEMBER STATE, THE PROSPECTUS DIRECTIVE) IS ONLY ADDRESSED TO QUALIFIED INVESTORS IN THAT MEMBER STATE
WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE.
THIS PRESS RELEASE IS NOT A PUBLIC OFFER OR ADVERTISING OF SECURITIES IN THE TERRITORY OF THE RUSSIAN FEDERATION AND IS NOT AN OFFER TO PURCHASE OR A PUBLIC INVITATION TO MAKE
OFFERS TO PURCHASE ANY SECURITIES IN THE TERRITORY OF THE RUSSIAN FEDERATION. THIS PRESS RELEASE IS NOT AN OFFER OR AN INVITATION TO ENTER INTO AN AGREEMENT WITH OJSC MAGNIT FOR
ORGANIZATION OF TRADING OF ANY SECURITIES OF OJSC MAGNIT OUTSIDE THE RUSSIAN FEDERATION.View entire presentation