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MAGNIT PJSC (MGNT)
Magnit announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit
07-Dec-2021 / 19:15 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
MAGNIT announces the changes of the rights of VTB Bank and Marathon Group to dispose a certain number of votes accounted for voting shares of PJSC Magnit
Krasnodar, December 7, 2021: Magnit PJSC (MOEX and LSE: MGNT; the Company, Magnit), one of Russia's leading retailers, announces the termination of the right of VTB Bank (PJSC) (hereinafter "VTB Bank") to dispose a certain number of votes accounted for voting shares in the charter capital of PJSC Magnit (hereinafter - "Votes on Magnit shares" or "Votes"), and the acquisition of the right of Marathon Group1 and Alexander Vinokurov to dispose the Votes.
The Company has been informed of the following:
- increase of the share of Votes of Marathon Group to 24.99%, and the information that Marathon Group will receive an additional 4.23% of Votes after the FAS of Russia satisfies the corresponding application of Marathon Retail LLC3;
- decrease of the share of Votes of VTB Bank to 7.727%, including 7,868,427 votes (7.72%) are held by VTB Group2 under the repurchase agreement with Marathon Retail LLC.
For more detailed information please see the table and the corresponding notes below.
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Termination of the right to dispose Votes
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Acquisition of the right to dispose Votes
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Acquisition of the right to dispose Votes
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Acquisition of the right to dispose Votes
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Full company or person's name
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VTB Bank (Public Joint-Stock Company)
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Marathon Retail Limited Liability Company
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MG MARATHON GROUP (CYPRUS) LTD
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Vinokurov Alexander Semenovich
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Company address
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Saint Petersburg, Russian Federation
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Moscow, Russian Federation
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Flat/Office 601, 6th Floor, ANASTASIO BUILDING, Dimitriou Karatasou 15, Strovolos, 2024, Nicosia, Cyprus
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-
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Taxpayer Id Number
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7702070139
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7733314868
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-
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-
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Principal State Registration Number
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1027739609391
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1177746084779
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НЕ 367607
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-
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Type of the terminated / acquired right to dispose Votes
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direct disposal
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direct disposal
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indirect disposal4
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indirect disposal5
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Attribute of the terminated / acquired right to dispose Votes
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sole disposal
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sole disposal
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sole disposal
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sole disposal
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Basis of the termination / acquisition of the right to dispose Votes
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disposal (decrease) of share in the issuer
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acquisition of share in the issuer
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acquisition of share in the issuer
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acquisition of share in the issuer
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Number of Votes and share in the charter capital before the occurrence of the basis
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17,615,713 votes / 17.285%
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10,259,789 votes / 10.07 %
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12,876,848 votes / 12.64%
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12,876,848 votes / 12.64%
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Number of Votes and share in the charter capital after the occurrence of the basis
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7,874,728 votes / 7.727%6
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22,860,779 votes / 22.43%3
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25,477,838 votes / 24.99%3
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25,477,838 votes / 24.99%3
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Date of occurrence of the basis
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26.11.2021
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26.11.2021
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26.11.2021
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26.11.2021
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Notes:
1 - MG MARATHON GROUP (CYPRUS) LTD and its entities, including PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC, Marathon Retail LLC.
2 - VTB Bank and entities included in the group with VTB Bank.
3 - According to the explanations received by Magnit, the Votes of Marathon Group are distributed as follows:
- 1,103,458 Magnit voting shares (1.08%) are held by Natsbioprodukt LLC;
- 1,513,601 Magnit voting shares (1.49%) are held by SERENGATE ADVISORS LIMITED;
- 19,305,710 Magnit voting shares (18.94%) are held by Marathon Retail LLC;
- in respect of 3.49% of Magnit voting shares the right to dispose Votes is held by Marathon Retail LLC on the basis of the repurchase agreements concluded between Marathon Retail LLC and VTB Group, under which 7, 868, 427 Magnit voting shares (7.72 %) were transferred to VTB Group;
- in respect of 4.23% of Magnit voting shares Marathon Retail LLC will be provided with the right to dispose Votes after the FAS of Russia satisfies the corresponding application of Marathon Retail LLC based on the above mentioned repurchase agreements.
4 - MG MARATHON GROUP (CYPRUS) LTD has acquired the right to indirectly dispose the Votes through PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC.
5 - Alexander Vinokurov has acquired the right to indirectly dispose the Votes through MG MARATHON GROUP (CYPRUS) LTD, PHARMACONTUR LLC, Natsbioprodukt LLC, SERENGATE ADVISORS LIMITED, AVENTOCO LIMITED, Marathon Marble LLC and Marathon Retail LLC.
6 - According to the explanations received by Magnit, 7,868,427 shares held by VTB Bank are subject to repurchase agreements concluded between VTB Group companies and Marathon Retail LLC.
Please follow the link below for more information:
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For further information, please contact:
Dina Chistyak
Head of Investor Relations
dina_chistyak@magnit.ru
Office: +7 (861) 210 9810 x 15101
Media Inquiries Twitter
press@magnit.ru @MagnitIR
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Note to editors
"Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2021, Magnit operated 45 distribution centers and 25,315 stores in 3,840 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the unaudited IFRS 16 management accounts results for 9M 2021, Magnit had revenues of RUB 1,311.5 billion and an EBITDA of RUB 151.4 billion. Magnit's local shares are traded on the Moscow 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.
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Forward-looking statements
This document contains or may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected sales growth rate and/or store openings are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. Any forward-looking statement is based on information available to Magnit as of the date of the statement. All written or oral forward-looking statements attributable to Magnit are qualified by this caution. Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.
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