26th Apr 2011 07:00
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 22, 2011
OJSC "Magnit" announces interest rates for the coupons to be paid against bonds
Krasnodar, April 22, 2011: OJSC «Magnit» (the "Company", the "Issuer"; RTS, MICEX and LSE: MGNT) announces interest rates for the 1st, 2nd, 3rd, 4th, 5th, 6th coupons against exchange-traded bonds of BO-06 series.
On April 22, 2011 the sole executive body of the Issuer has defined the interest rates for 1st, 2nd, 3rd, 4th, 5th, 6th coupons against the exchange-traded bonds of BO-06 series (in accordance with the conditions of decisions to issue the exchange-traded bonds of BO-06 series approved by the Issuer's Board of directors as of February 4, 2011 (minutes w/o № of February 4, 2011).
Series | Total amount of interest and yield to be paid against all bonds of each series | Coupon yield to be paid against one bond |
BO-06 (identification code 4B02-06-60525-P) | 7.75% per annum or 193,200,000 rubles for each coupon period | 38.64 rubles |
The payment shall be processed in the currency of the Russian Federation by means of non-cash settlement.
The due dates for the obligations on coupon payment to be fulfilled:
for the 1st coupon period: | 25.10.2011 |
for the 2nd coupon period: 02.03.2012 | 24.04.2012 |
for the 3rd coupon period: 31.08.2012 | 23.10.2012 |
for the 4th coupon period: 01.03.2013 | 23.04.2013 |
for the 5th coupon period: 30.08.2013 | 22.10.2013 |
for the 6th coupon period: 28.02.2014 | 22.04.2014 |
Based on the above payment schedule the coupon yield against the bonds hereof has not been paid yet.
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