13th Sep 2010 14:07
Not for release, publication or distribution in Australia, Canada, Japan or the United States.
These materials are not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. OJSC Magnit has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.
This document is only being distributed to and is only directed at (i) 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 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
In any EEA Member State that has implemented Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
Securities of OJSC Magnit have not been and will not be registered under the applicable securities laws of Australia, Canada or Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada or Japan or to, or for the account or benefit of, citizens or residents of Australia, Canada or Japan except under circumstances which will result in the full compliance with the applicable laws and regulations promulgated by the relevant regulatory authorities in effect at the relevant time.
Press-release
Krasnodar
September 13, 2010
OJSC "Magnit" announces the completion of bonds' placement.
Krasnodar, September 13, 2010: OJSC «Magnit» (the "Company", the "Issuer", RTS, MICEX and LSE: MGNT) announces the completion of the Exchange-traded bonds' placement.
Today, September 13, 2010 the Issuer has completed the placement of its Exchange-traded bonds of the BO-01/BO-02/BO-03/BO-04 series.
Parameters of the bonds' placement:
|
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 |
|
Maturity date: |
on the 1092nd day from the date of the placement initiation of the Exchange-traded bonds |
|
State registration number of the issue and date of registration: |
4B02-01-60525-P / 4B02-02-60525-P / 4B02-03-60525-P / 4B02-04-60525-P correspondingly as of 02.02.2010 |
|
Registration authority: |
Close joint-stock company "MICEX Stock Exchange" |
|
Nominal value: |
1,000 rubles each |
|
Placement method: |
open subscription |
|
Amount of the placed securities: |
1,000,000 / 1,000,000 / 1,500,000 / 2,000,000 bonds correspondingly |
|
Share of the placed securities out of the total number of securities subject to placement: |
100% |
|
Actual placement price: |
1,000,000 / 1,000,000 / 1,500,000 / 2,000,000 bonds were placed at the price of 1,000 rubles for each Exchange-traded bond |
|
Payment method: |
1,000,000 / 1,000,000 / 1,500,000 / 2,000,000 bonds were paid for with monetary funds |
|
Date of the placement actual initiation: |
September 13, 2010 |
|
Date of the placement actual completion: |
September 13, 2010 |
No related-party transactions or major transactions were executed within the course of the placement of the Exchange-traded bonds of BO-01/BO-02/BO-03/BO-04 series
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 June 30, 2010 the chain consisted of 3,464 convenience stores and 28 hypermarkets in 1,109 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 and Urals regions.
As of June 30, 2010 the Company operated an in-house logistics system consisting of 10 distribution centers, employing automated stock replenishment systems and a fleet of 1,723 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