15th Mar 2011 07:00
Press-release
Krasnodar
March 15, 2011
Dear Ladies and Gentlemen!
We would like to inform you that on March 14, 2011 OJSC "Magnit" fulfilled its obligation of the 1st coupon redemption against bonds of BO-01/BO-02/BO-03/BO-04 series in the amount of 41,140,000 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,280,000 rubles correspondingly.
By decision of CEO of OJSC "Magnit" the interest rate of the 1st coupon against Exchange-traded bonds was defined as 8.25% per annum (the minutes w/o № are executed as of September 9, 2010).
Parameters of the bond issue:
Type of securities: | Non-convertible interest-bearing certified Exchange-traded bonds to the bearer of B0-01/BO-02/BO-03/BO-04 series with the obligatory centralized custody |
Identification code and date of its assignment to the issue: | № 4B02-01-60525-P / 4B02-02-60525-P / 4B02-03-60525-P / 4B02-04-60525-P as of 02.02.2010. |
Assigning authority: | Close joint-stock company "MICEX Stock Exchange" |
Date of decision on the interest amount/coupon on the issuer's bonds: | September 9, 2010 |
Total amount of the interest subject to payment against bonds of each series: | 41,140,000 rubles / 41,140,000 rubles / 61,710,000 rubles / 82,280,000 rubles correspondingly; 41,140,000 rubles / 41,140,000 rubles / 61,709,952 rubles / 82,270,070 rubles adjusted for taxation correspondingly. |
The amount of the interest subject to payment against one bond of each series: | 41.14 rubles / 41.14 rubles / 41.14 rubles / 41.14 rubles correspondingly |
Method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
Date of the obligation fulfillment: | March 14, 2011 |
For further information, please contact:
Oleg Goncharov | Director, Investor Relations e-mail: [email protected] 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: [email protected] 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 December 31, 2010 the chain consisted of 4,002 convenience stores, 51 hypermarkets and 2 cosmetics stores (drogerie) in 1,216 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 December 31, 2010 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,642 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2010, the Company recorded consolidated revenue of approximately US$3,448 million and consolidated EBITDA of around US$252 million.
Related Shares:
MGNT.L