27 Apr 2016 07:46
PJSC MAGNIT - Decision on the Advanced Redemption of the BondsPJSC MAGNIT - Decision on the Advanced Redemption of the Bonds
PR Newswire
London, April 27
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
April 27, 2016
PJSC “Magnit” Announces the Decision on the Advanced Redemption of the Bonds
Krasnodar, April 27, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the decision on the advanced redemption of the bonds of the 02, 03 series.
Please be informed that on April 26, 2016 the Sole executive body of the Issuer – the CEO – made the decision (Decision w/o No. of April 26, 2016) on the advance redemption of the PJSC “Magnit” non-convertible interest-bearing certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody (state registration numbers of the securities issues 4-02-60525-P / 4-03-60525-P as of December 27, 2012) on the outstanding amount of the nominal value on the date of the 2nd coupon period termination in accordance with the procedure defined by the Resolution on the issuance of securities and the Prospectus approved by the Board of Directors on October 29, 2012 (minutes w/o No. of October 29, 2012), as amended by Resolution on the issuance of securities and the Prospectus approved by the Board of Directors on December 12, 2013 and on December 15, 2014 (minutes w/o No. of December 12, 2013 and minutes w/o No. of December 15, 2014 correspondingly).
This event may significantly affect the value of the following securities of the Issuer: PJSC “Magnit” non-convertible interest-bearing certified bonds of the 02, 03 series to the bearer with the obligatory centralized custody, state registration numbers 4-02-60525-P / 4-03-60525-P as of December 27, 2012, International Stock Identification Numbers (ISIN) RU000A0JVE99 / RU000A0JVE81.
For further information, please contact:
Timothy Post | Head of Investor Relations Email: post@magnit.ru Office: +7-861-277-4554 x 17600 Mobile: +7-961-511-7678 Direct Line: +7-861-277-4562 |
Investor Relations Office | MagnitIR@magnit.ru Direct Line: +7-861-277-4562 Website: ir.magnit.com/ |
Media Inquiries | Media Relations Department press@magnit.ru |
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, 2016, Magnit operated 34 distribution centers and about 12,434 stores (9,715 convenience, 382 hypermarkets, and 2,337 drogerie stores) in 2,385 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the audited IFRS results for 2015, Magnit had revenues of RUB 951 billion and an EBITDA of RUB 104 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.