26th Mar 2012 07:58
Press-release
Krasnodar
March 26, 2012
OJSC "Magnit" announces the redemption of the 10th coupon and the nominal value of bonds of LLC "Magnit Finance"
Krasnodar, March 26, 2012: OJSC "Magnit" (the "Company", the "Issuer", MICEX and LSE: MGNT) announces the redemption of the 10th coupon against bonds and the nominal value of bonds of LLC "Magnit Finance".
Type of securities | non-convertible interest-bearing certified bonds to the bearer with the obligatory centralized custody of 02 series |
Identification code, date of state registration: | № 4-02-36102-R as of 06.03.2007 |
Period of coupon redemption | the tenth coupon period (from the 1638th day to the 1820th day from the date of starting of bonds placement of this issue) |
Total amount of the interest subject to payment against bonds | 204,450,000 rubles |
Total amount of the interest subject to payment against one bond | 40.89 rubles |
Method of payment | Monetary funds |
Total amount of the interest paid against bonds | 203,802,153.60 rubles excluding all taxes (if any). Total amount of taxes and/or other deductions is 647,846.40 rubles. |
Number of redeemed bonds | 5 000 000 |
Basis for bonds redemption | Redemption of bonds' nominal value according to the decision on LLC "Magnit Finance" securities as of 06.03.2007 |
Date of bonds redemption | March 23, 2012 |
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 December 31, 2011 the chain consisted of 5,006 convenience stores, 93 hypermarkets and 210 cosmetics stores (drogerie) in 1,389 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 December 31, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,906 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2011, the Company recorded consolidated revenue of approximately US$ 11,423 million and consolidated EBITDA of around US$ 939 million.
Related Shares:
MGNT.L