3rd Apr 2013 13:29
OJSC MAGNIT - Execution of Related Party TransactionsOJSC MAGNIT - Execution of Related Party Transactions
PR Newswire
London, April 3
OJSC "Magnit" Announces the Execution of the Related Party Transactions
Krasnodar, April 3, 2013: OJSC "Magnit" (the "Company"; the "Issuer"; MICEX andLSE: MGNT) announces the execution of the related party transactions on April3, 2013.
Please be informed that on April 3, 2013 OJSC "Magnit" (the Lender) and JSC"Tander" (the Borrower) executed the related party transactions, according towhich the Lender provides the loan of funds to the Borrower which is to berepaid by the Borrower within the period determined by the contract. Therepayment of the loan and (or) the interest may be effected by the Borrower inadvance, without written notice to the Lender of the loan repayment, by meansof transfer of the loan to the bank details specified in the contract orotherwise not contradictory to the Civil Code of the Russian Federation (offsetof mutual claims, assignment of a claim, etc.).
The book value of the Issuer's assets as of the closing date of the reportingperiod preceding the execution of transactions amounts to 68,422,621 thousandrubles.
The essentials of the transactions are as follows:
№ Maturity Amount of the t Share of the book Interest Date of the BoD
ransaction, RUB value of the Issuer rate per approval (date of 's assets annum minutes)1 02.04.2014 1,200,000,000.00 1.75% 8.80% 11.03.2013
2 02.10.2014 1,000,000,000.00 1.46% 9.00% 11.03.2013
3 02.04.2015 900,000,000.00 1.32% 9.20% 11.03.2013 4 02.04.2016 900,000,000.00 1.32% 9.60% 11.03.20135 02.04.2014 1,000,000,000.00 1.46% 8.80% 25.03.2013
6 02.10.2014 1,000,000,000.00 1.46% 9.00% 25.03.2013
7 31.12.2014 1,100,000,000.00 1.61% 9.10% 25.03.2013
8 02.04.2015 1,200,000,000.00 1.75% 9.20% 25.03.2013
9 02.10.2015 1,000,000,000.00 1.46% 9.40% 25.03.2013
10 02.04.2016 700,000,000.00 1.02% 9.60% 25.03.2013
For further information, please contact:
Timothy Post Director, Investor Relations e-mail: [email protected] Tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 7600 Mob.: +7 (961) 511-76-78 Direct line for investors only: +7 (861) 277-45-62 Dina Svishcheva Deputy Director, 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:Headquartered in the southern Russia city of Krasnodar, Magnit (LSE and MICEX:MGNT) is the holding company for a group of entities that operate in the retailtrade under the "Magnit" brand. The chain of "Magnit" stores is one of theleading food retail networks in Russia. As of December 31, 2012 the chainconsisted of 6,046 convenience stores, 126 hypermarkets, 20 "Magnit Family"stores and 692 cosmetics stores (drogerie) in 1,605 cities and towns throughoutthe Russian Federation.
Approximately two-thirds of the Magnit's stores are located in cities with apopulation of less than 500,000 inhabitants. Most of its stores are located inthe Southern, North-Caucasian, Central and Volga regions. The Company alsooperates stores in the North-Western, Urals and Siberian regions.
As of December 31, 2012 Magnit operated an in-house logistics system consistingof 18 distribution centers, employing automated stock replenishment systems anda fleet of 4,401 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2012,Magnit recorded consolidated revenues of approximately $14,430 million USD anda consolidated EBITDA of $1,524 million USD.
Related Shares:
MGNT.L