25th Oct 2011 13:08
Press-release
Krasnodar
October 25, 2011
OJSC "Magnit" announces the payment of the coupon yield
Krasnodar, October 25, 2011: OJSC "Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the payment of the coupon yield against bonds of BO-06 series.
Dear Ladies and Gentlemen!
We would like to inform you that on October 25, 2011 OJSC "Magnit" fulfilled its obligation of the 1st coupon redemption against bonds of BO-06 series in the amount of 193,200,000 rubles.
By the decision of the CEO of OJSC "Magnit" (the decision w/No of April 22, 2011) the interest rate of the 1st coupon against exchange-traded bonds was defined as 7.75% per annum.
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 as of 16.02.2011 |
Assigning authority: | Close joint-stock company "MICEX Stock Exchange" |
Date of decision on the interest amount/coupon on the issuer's bonds: | April 22, 2011 |
Total amount of the interest subject to payment against bonds of each series: | 193,200,000 rubles excluding tax and other deductions 193,198,262 rubles including tax and other deductions |
The amount of the interest subject to payment against one bond of each series: | 38.64 rubles |
Method of payment: | Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
Date of the obligation fulfillment: | October 25, 2011 |
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