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 Interest Rate of the Coupon Yield against Bonds
Krasnodar, May 7, 2015: PJSC "Magnit", Russia's largest food retailer (the
"Company", the "Issuer"; MOEX and LSE: MGNT) announces the interest rate of the
1st, 2nd, 3rd, 4th, 5th and 6th coupon yield against bonds.
In accordance with the Decision (Decision w/o № of May 7, 2015) of the Sole
executive body of the Issuer, the CEO, the interest rate of the 1st, 2nd, 3rd,
4th, 5th and 6th coupon periods was determined according to the Decisions on
the issuance and the Prospectus of Bonds.
Parameters of the bond issue:
Type of securities: interest-bearing non-convertible certified bonds of
the 02, 03series to the bearer with the obligatory
centralized custody
State registration № 4-02-60525-P/ № 4-03-60525-P as of 27.12.2012
number:
Reporting (coupon) period 1st coupon period (15.05.2015 - 13.11.2015)
which the yield is paid
for: 2nd coupon period (13.11.2015 - 13.05.2016)
3rd coupon period (13.05.2016 - 11.11.2016)
4th coupon period (11.11.2016 - 12.05.2017)
5th coupon period (12.05.2017 - 10.11.2017)
6th coupon period (10.11.2017 - 11.05.2018)
Total amount of the 12.10% (twelve point ten zero percent) per annum or 301,
interest subject to 650,000 rubles (three hundred and one million six hundred
payment against bonds of fifty thousand rubles 00 kopecks) for each coupon
each series: period
The amount of the 60.33 rubles (sixty rubles thirty three kopecks)
interest subject to
payment against one bond
of each series:
Method of payment: Monetary funds in the currency of the Russian
Federation by means of non-cash settlement
Date of the obligation 1st coupon period: 13.11.2015
fulfillment:
2nd coupon period: 13.05.2016
3rd coupon period: 11.11.2016
4th coupon period: 12.05.2017
5th coupon period: 10.11.2017
6th coupon period: 11.05.2018
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.