8th Oct 2009 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.
This document is an advertisement and is not a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive"). A prospectus prepared pursuant to the Prospectus Directive will be published with respect to securities other than securities offered to persons entitled to exercise pre-emptive rights, which, when published, will be made available to the public in accordance with the Prospectus Directive. Investors should not subscribe for any securities referred to in this document (other than securities offered to persons entitled to exercise pre-emptive rights) except on the basis of information contained in the prospectus.
In any EEA Member State that has implemented 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
October 8, 2009
OJSC "Magnit" receives the permission of FFMS of Russia to offer and float its securities outside Russia
Krasnodar, October 8, 2009: OJSC «Magnit» (the "Company"; RTS, MICEX and LSE: MGNT) receives the permission of the Russian Federal Financial Markets Service ("FFMS of Russia") to offer and float its securities outside of the Russian Federation.
FFMS of Russia permitted the offering and floatation outside of the Russian Federation of ordinary registered uncertified shares of open joint-stock company "Magnit" with the state registration number of the share issue of 1-01-60525-Р of 04.03.2004 and the state registration number of the additional share issue of 1-01-60525-Р-005D of 02.10.2009 in the amount of 16,792,946 (sixteen million seven hundred and ninety two thousand nine hundred and forty six) ordinary registered uncertified shares.
If as a result of the offering of the ordinary registered uncertified shares of the additional share issue with the state registration number of 1-01-60525-Р-005D of 02.10.2009 open joint-stock company "Magnit" places less securities than specified in the registered decision on the additional share issue the amount of shares offered and floated outside of the Russian Federation in any event shall not exceed 30 per cent of the total amount of the outstanding ordinary registered uncertified shares of open joint-stock company "Magnit".
Another 11,522,000 (eleven million five hundred and twenty two thousand) of the Company's securities of the same type already float outside of the Russian Federation in the form of global depository receipts (with JPMorgan Chase Bank, N.A. acting as a depository).
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 Chistyak |
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 June 30, 2009 the chain consisted of 2,790 convenience stores and 18 hypermarkets in 922 locations in the Russian Federation.
Approximately two-thirds of the Company's stores are located in cities with population of less than 500,000 inhabitants. Most of its stores are located in the Southern, Central and Volga regions. The Company also operates stores in the North-Western and Urals regions.
As of June 30, 2009 the Company operated an in-house logistics system consisting of 9 distribution centers, employing automated stock replenishment systems and a fleet of 1,345 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2009, the Company posted consolidated revenue of approximately US$2,378 million and consolidated EBITDA of around US$224 million.
Related Shares:
MGNT.L