17th Nov 2008 07:00
Press-releaseKrasnodarNovember 17, 2008
Dear Ladies and Gentlemen!
We would like to inform you that on November 14, 2008 LLC "Magnit-Finance" transferred monetary funds in the amount of 2,093,140,000 rubles to the bank account of Noncommercial Partnership "National Depository Center", designated for redemption of bond obligations of LLC "Magnit-Finance" in accordance with the "Agreement on service provision upon disbursement against nominal value of bonds at their redemption and payment of coupon profit №D-06-11-433 of May 11, 2006.", i.e. for payment of the 6th coupon against bond obligations and bond redemption.
Parameters of the bond issue:
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Date of acceptance by NDC:
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November 21, 2005
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Issuer:
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Limited liability company "Magnit-Finance"
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Issuer’sTaxpayerId. Number:
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2310105783
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Typeofsecurities:
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bonds
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Name of issue/ tranche:
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Certified interest non-convertible bonds payable to bearer of 01 series with obligatory centralized holding
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State registration number of issue:
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4-01-36102-R
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Date of state registration of issue:
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October 27, 2005
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Depositary code of issue/ ISIN:
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RU000A0GJ0L9
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Date of offering initiation:
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November 23, 2005
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Nominal value:
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1,000.0000
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Nominal currency:
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Rubles
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Number of securities per issue:
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2,000,000
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Maturity date:
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November 19, 2008
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Circulation period (days):
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1,092
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Numberofcoupons:
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6
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Authorized(head) depositary:
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Noncommercial Partnership “National Depository Center”
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For further information, please contact:
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Oleg Goncharov |
Director, Investor Relationse-mail: [email protected] tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5100Mob.: +7 (903) 411-40 -35Direct line for investors only: +7 (861) 277-45-62 |
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Dina Chistyak |
Manager, Investor Relationse-mail: [email protected] tel. in Krasnodar +7 (861) 277-45-54, 210-98-10 ext. 5101Mob.: +7-961-511-02-02Direct 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 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 September 30, 2008 the chain consisted of 2,394 convenience stores and 11 hypermarkets in 796 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 September 30, 2008 the Company operated an in-house logistics system consisting of 8 distribution centers, employing automated stock replenishment systems and a fleet of 1,133 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 9M 2008, the Company posted consolidated revenues of approximately US$ 3,881 million and a consolidated EBITDA of around US$ 265 million.
Related Shares:
MGNT.L