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. PJSC 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.
In any EEA Member State that has implemented Directive 2003/71/EC (such
Directive, together with any applicable implementing measures in the relevant
home Member State under such Directive, 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 PJSC 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
May 7, 2015
PJSC "Magnit" Announces the Commencing Date of Bonds Placement
Krasnodar, May 7, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company"; the "Issuer", MOEX and LSE: MGNT) announces the commencing date of
bonds placement.
Parameters of bonds placement:
Typeofsecurities: interest-bearing non-convertible certified bonds of
the 02, 03 series to the bearer with the obligatory
centralized custody
State registration 4-02-60525-P / 4-03-60525-Pas of 27.12.2012
number of the issue and
date of registration:
Maturity date: 1092nd day from the date of initiation of the Bonds
placement
Registration authority: FFMS of Russia
Amount of securities to 5,000,000 bonds / 5,000,000 bonds
be placed:
Nominal value: 1,000 rubles each
Placement method: open subscription
Pre-emptive rightfor not provided
acquisition of
securities:
Placement May 15, 2015
commencingdate:
Placement commencing date can be changed subject to the publication of
the relevant information in the newswire and on the Company's website
http://www.e-disclosure.ru/portal/company.aspx?id=7671;
https://ir.magnit.com/en/ not later than on May 14, 2015.
The price of the Bonds placement and the procedure of its determination:
The price of the Bonds placement is fixed in the amount of 1,000 (one thousand)
rubles per one Bond (100% of the nominal value).
From the second day of the Bonds placement within the settlement of the sale
and purchase transaction the acquirer of the Bonds shall also pay the
accumulated coupon yield against the Bonds calculated by the following formula:
ACI = Nom * C * ((T - T0) / 365) / 100%, where
ACI - accumulated coupon interest, rubles;
Nom - nominal value of one Bond, rubles;
С - amount of the interest rate of the 1st coupon in percent per annum (%);
T - current date of the Bonds placement;
T0 - commencing date of the Bonds placement.
The amount of the accumulated coupon yield per one Bond is calculated with the
accuracy to one kopeck (rounding of figures in calculation is carried out
according to the mathematical rounding rules. In this respect, mathematical
rounding rules are the rounding method whereby the value of the integral kopeck
(integral kopecks) does not change if the first figure following the rounded
one is in the range from 0 to 4, and increases by one if the first figure
following the rounded one is in the range from 5 to 9).
The completion date of the placement or the procedure of its determination:
The completion date of the Bonds placement is the earliest date of the
following dates:
a) the 5th (fifth) business day from the commencing date of the Bonds
placement;
b) the date of placement of the last Bond.
The date of completion of the Bonds placement shall not be later than 3-year
period from the date of the state registration number of the issue of Bonds.
For further information, please contact:
Timothy Post Director, Investor Relations
Email: post@magnit.ru
Office: +7-861-277-4554 x 17600
Mobile: +7-961-511-7678
Direct Line: +7-861-277-4562
Dina Svishcheva Deputy Director, Investor Relations
Email: Chistyak@magnit.ru
Office: +7-861-277-45-54 x 15101
Mobile: +7-961-511-0202
Direct Line: +7-861-277-4562
Company description:
Magnit is Russia's largest food retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of March 31, 2015,
Magnit operated 28 distribution centers and over 10,000 stores (8,581
convenience, 300 hypermarkets, and 1,239 drogerie stores) in approximately
2,180 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS consolidated financial statements for 2014,
Magnit had revenues of RUB 764 billion and an EBITDA of RUB 86 billion.
Magnit's local shares are traded on the Moscow Stock Exchange (MOEX: MGNT) and
its GDRs on the London Stock Exchange (LSE: MGNT) and it has a credit rating
from Standard & Poor's of BB+. Measured by market capitalization, Magnit is one
of the largest retailers in Europe.