14th Dec 2011 12:01
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 under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration under the Securities Act. 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 Shares 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 (together with any applicable implementing measures in any Member State, 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.
Shares in 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 (other than "exempt investors" as defined in Chapter 6D.2 of the Australian Corporations Act 2001 (Cth) (the "Corporations Act") or "wholesale clients" as defined in Chapter 7 of the Corporations Act), Canada or Japan or to, or for the account or benefit of, citizens or residents of Australia (other than "exempt investors" as defined in Chapter 6D.2 of the Corporations Act or "wholesale clients" as defined in Chapter 7 of the Corporations Act), 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
December 14, 2011
OJSC "Magnit" announces the results of exercise of pre-emptive rights
Krasnodar, December 14, 2011: "OJSC Magnit" (the "Company"; RTS, MICEX and LSE: MGNT) announces the results of exercise of pre-emptive rights.
The Company announces the results of exercise of pre-emptive rights:
Type of securities: | Ordinary registered shares |
State registration number and date of registration: | 1-01-60525-P-006D of November 10, 2011 |
Registering authority: | The Russian Federal Service for Financial Markets |
Offering method: | Open subscription |
The amount of offered securities and their nominal value: | 10 813 516 (ten million eight hundred and thirteen thousand five hundred and sixteen) shares with a nominal value per share of 0.01 ruble |
The offering price : | The offering price was determined at US$85 per share. In case of payments for shares in roubles those payments are to be made at an exchange rate of US$1 = RUB 30.8486 |
The record date of shareholders entitled to exercise their pre-emptive rights: | October 6, 2011 |
Date of publication of the notification of pre-emptive rights: | The notification was published in "Izvestiya" newspaper on November 11, 2011 |
The placement commencement date : | December 2, 2011 |
The placement completion date: | December 14, 2011 |
Pre-emptive rights period: | November 12, 2011 - December 1, 2011 |
Number of shareholders entitled to exercise their pre-emptive rights: | 3 781 |
Number of shareholders who submitted their applications for acquisition of shares under the pre-emptive rights: | 96 |
Number of shareholders whose applications were accepted by the Company and included in calculation of shares of the additional issue applied for acquisition under the pre-emptive rights within the pre-emptive rights exercise period | 96 |
Number of shareholders whose applications were rejected by the Company due to non-compliance with the law requirements, the Company's Russian decision on the additional issue of securities and the Company's Russian prospectus of the securities: | none |
Number of shareholders whose applications were received by the Company upon expiration of the pre-emptive rights exercise period: | 1 |
Number of shareholders whose applications have been satisfied by the Company in full or in part due to full or partial payment: | 79 |
Number of shares applied for under the pre-emptive rights within the pre-emptive rights exercise period: | 2 596 333 shares |
Number of shares to be allocated as a result of exercise of the pre-emptive rights: | 1 468 634 shares |
Number of not allocated shares left after exercise of the pre-emptive rights: | 1 127 699 shares |
Date of the results of the pre-emptive rights: | December 14, 2011 |
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 September 30, 2011 the chain consisted of 4,593 convenience stores, 76 hypermarkets and 98 cosmetics stores (drogerie) in 1,325 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 September 30, 2011 the Company operated an in-house logistics system consisting of 14 distribution centers, employing automated stock replenishment systems and a fleet of 3,705 vehicles.
In accordance with the unaudited IFRS consolidated financial statements for 1H 2011, the Company recorded consolidated revenue of approximately US$5,471 million and consolidated EBITDA of around US$359 million.
Related Shares:
MGNT.L