14th Oct 2011 08:19
Press-release
Krasnodar
October 14, 2011
OJSC "Magnit" announces the conclusion of an agreement on provision of services
Krasnodar, October 14, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) is pleased to announce the conclusion of an agreement on provision of services with JSC "National Settlement Depositary".
On October 14, 2011 the Company has concluded the agreement under which Non-bank credit institution joint-stock company "National Settlement Depositary" shall provide agent services on payment of bonds nominal value at the redemption and on yield payment against non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-06 series with the obligatory centralized custody.
Parameters of the bond issue:
Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-06 series with the obligatory centralized custody |
Identification code and date of its assignment to the issue: | 4B02-06-60525-P |
Full name of the company involved by the issuer for agents services upon the issuer's obligations against bonds | Non-bank credit institution joint-stock company "National Settlement Depositary" Location: bld. 8, 1/13 Sredniy Kislovodskiy lane, 125009, Moscow, Russian Federation Taxpayer Identification Number: 7702165310 Principal State Registration Number of the issuer: 1027739132563
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Short description of services provided by the company | Provision of services on payment of bonds nominal value at the redemption and on yield payment against non-convertible interest-bearing certified exchange-traded bonds to the bearer of B0-06 series with the obligatory centralized custody
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Amount of service cost | The amount of cost of paying agent services for each execution of payments against bonds is determined in accordance with service charge rates of Non-bank credit institution joint-stock company "National Settlement Depositary" as of the date of service provision. The cost of services is determined using the following formula: B = C*D, where C - is the rate of remuneration of Non-bank credit institution joint-stock company "National Settlement Depository" in per cent for one payment effected by Non-bank credit institution joint-stock company "National Settlement Depository" under issuer's instruction against issue of bonds under the paying agent contract; D - is the amount for distribution in rubles.
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Date of agreement: | October 14, 2011 (Additional agreement №2 of October 14, 2011 to the agreement of provision of services on payment of bonds nominal value at the redemption and on yield payment (agreement of paying agent) № D-11-22-167 of 04.03.11. |
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 September 30, 2011 the chain consisted of 4,593 convenience stores, 76 hypermarkets and 98 cosmetics stores (drogerie) in 1,325 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 September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately US$5,471 million and consolidated EBITDA of around US$359 million.
Related Shares:
MGNT.L