4th Feb 2010 07:00
Press-release
Krasnodar
February 4, 2010
OJSC "Magnit" announces the admission of its Exchange-traded bonds to trading
Krasnodar, February 4, 2010: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces the admission of the Exchange-traded bonds to trading at CJSC "MICEX Stock Exchange".
On February 02, 2010 the directorate of CJSC "MICEX Stock Exchange" took the decision to admit the Exchange-traded bonds of OJSC "Magnit" to trading in the course of placement without listing procedure at CJSC "MICEX Stock Exchange" (Minutes №6).
|
Type of securities |
Non-convertible interest-bearing certified Exchange-traded bonds to the bearer with the obligatory centralized custody of the BO-01/BO-02/BO-03/BO-04 series |
|
Number of securities
|
1,000,000 (one million) / 1,000,000 (one million) / 1,500,000 (one million five hundred thousand) / 2,000,000 (two million) correspondingly |
|
Nominal value
|
1,000 (one thousand) rubles each |
|
Identification code assigned to the series of the Exchange-traded bonds |
4B02-01-60525-P / 4B02-02-60525-P / 4B02-03-60525-P / 4B02-04-60525-P of 02.02.2010 correspondingly |
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, 2009 the chain consisted of 3,204 convenience stores and 24 hypermarkets in 1,048 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, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,453 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for the six months ended June 30, 2009, the Company recorded consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L