20th Apr 2011 14:20
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
April 20, 2011
OJSC "Magnit" announces commencing date of bonds placement
Krasnodar, April 20, 2011: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) announces commencing date of bonds placement.
Parameters of bonds placement:
Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of the BO-06 series |
Maturity date: | 1092nd day from the date of initiation of placement of the exchange-traded bonds of the BO-06 series |
Registration number of the issue and date of registration: | 4B02-06-60525-P as of 16.02.2011 |
Registration authority: | Securities market maker which admitted the exchange-traded bonds to trading within the course of placement - Close joint-stock company "MICEX Stock Exchange" |
Amount of securities to be placed: | 5,000,000 bonds |
Nominal value: | 1,000 rubles each |
Placement method: | Open subscription |
Placement price: | 1,000 rubles for each exchange-traded bond (100 percent of the nominal value) |
Pre-emptive right: | Not provided |
Placement commencing date: | April 26, 2011 |
Placement completion date: | April 26, 2011 |
Placement commencing date can be changed provided that it is published in newswire and placed on the Company's website www.magnit-info.ru not later than on April 25, 2011.
Additionally, on April 20, 2011 sole executive body of the issuer (Chief Executive Officer) has determined the impossibility of premature redemption of the non-convertible interest-bearing certified exchange-traded bonds to the bearer with the obligatory centralized custody of the BO-06 series (identification code 4B02-06-60525-P; admitted to trading on the stock exchange in the course of placement as of February 16, 2011) at the discretion of the issuer according to paragraph 9.5.2. A). of the Resolution authorizing securities issue.
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 March 31, 2011 the chain consisted of 4,128 convenience stores, 57 hypermarkets and 4 cosmetics stores (drogerie) in 1,239 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 March 31, 2011 the Company operated an in-house logistics system consisting of 11 distribution centers, employing automated stock replenishment systems and a fleet of 2,997 vehicles.
In accordance with the audited IFRS consolidated financial statements for the twelve months ended December 31, 2010, the Company recorded consolidated revenue of approximately US$7,777 million and consolidated EBITDA of around US$632 million.
Related Shares:
MGNT.L