5th Jun 2008 07:00
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR into AUSTRALIA, CANADA, JAPAN, The Russian federation OR THE UNITED STATES
This press release is not a prospectus but an advertisement. Investors should not subscribe for any transferable securities referred to in this announcement except on the basis of information in the international prospectus published by OJSC Magnit in connection with an offering of its ordinary shares ("Shares") and global depositary receipts ("GDRs") and the admission of GDRs representing OJSC Magnit's shares to the Official List of the UK Financial Services Authority.
Copies of the Russian statutory prospectus may be obtained at the offices of OJSC Magnit.
Press-release
Krasnodar
June 5, 2008
Offering results notification submission to the registering authority
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Type of securities: ordinary nominal uncertified shares |
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Repayment date: not applicable to this type of securities |
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State registration number of securities' issue and date of state registration: 1-01-60525-Р-004D of 20.03.2008. |
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Name of the registering authority: FFMS of Russia |
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Number of offered securities and their nominal value: 11,245,660 shares with nominal value of 0.01 rubles each |
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Share of allocated securities of the total offered securities: 99.52% |
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Offering method: open subscription |
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Date of offering initiation: April 18, 2008 |
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Date of offering completion: May 12, 2008 |
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Submission date of the offering results notification to the registering authority: June 4, 2008 (due to the clerical error the notification has been submitted once again) |
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Stock exchanges listed the company's securities: - Open joint-stock company "Russian Trading System" Stock exchange" - Close joint-stock company "MICEX Stock Exchange" |
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Securities prospectus has been registered simultaneously with the state registration of securities |
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Not later than 2 days after the offering results notification submission to the registering authorities the Company will post the notification itself on its website http://www.magnit-info.ru which will be available for not less 6 months since that. The Text of the notification and its copies may be obtained at 15/2 Solnechnaya str., Krasnodar, 350072, Russia. Tel/fax: 007 (861) 277-45-54. The Company shall provide shareholders and other interested parties with the copies of the notification upon request within 7 days at the price not higher than the copying costs. |
For further information, please contact:
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Oleg Goncharov
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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
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Dina Chistyak
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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
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Company description:
Based in Krasnodar, in the Southern region of Russia, Open Joint Stock Company "Magnit" is a holding company for a group of entities that operate in the retail trade under the "Magnit" name. The chain of "Magnit" stores is one of the leading operators in the Russian food retail market. As of December 31, 2007 the chain consisted of 2,194 convenience stores and 3 hypermarkets in more than 700 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with a population of less than 500 thousand. Most of its stores are located within the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of December 31, 2007 the Company operated an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 802 vehicles.
In accordance with the audited IFRS consolidated financial statements for 2007, the Company posted consolidated revenues of approximately US$ 3,677 million and a consolidated EBITDA of around US$ 219 million.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are only predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries the Company operates in, as well as many other risks specifically related to the Company and its operations.
Neither this press release nor any copy of it may be taken or transmitted, directly or indirectly, into the Australia, Canada, Japan, the Russian Federation or United States. This press release does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of this press release and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This press release is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933. The Company has not registered and does not intend to register any portion of any offering in the United States or to conduct a public offering of any securities in the United States.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive.
Information contained in this press release does not constitute an advertisement of the GDRs in Russia and must not be passed on to third parties or otherwise be made publicly available in Russia. The GDRs have not been and will not be registered in Russia and are not intended for "placement" or "public circulation" in Russia.
Shares in the Company and the GDRs 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.
Deutsche Bank AG and Morgan Stanley & Co. International plc are acting exclusively for the Company and the Selling Shareholder and no one else in connection with the global offering. They will not regard any other person (whether or not a recipient of this announcement) as their respective clients and will not be responsible to anyone other than Company or the Selling Shareholder for providing the protections afforded to their respective clients nor for giving advice in relation to the global offering, the contents of this announcement or any transaction or arrangement referred to herein.
Related Shares:
MGNT.L