29 Jun 2016 07:48
PJSC MAGNIT - Terms and Conditions of Exchange-Traded Bonds IssuancePJSC MAGNIT - Terms and Conditions of Exchange-Traded Bonds Issuance
PR Newswire
London, June 29
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
June 29, 2016
PJSC “Magnit” Announces the Approval of the Terms and Conditions of the Exchange-Traded Bonds Issuance
Krasnodar, June 29, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the approval of the Terms and Conditions of the exchange-traded bonds issuance.
On June 28, 2016 the sole executive body of the Issuer – the Chief Executive Officer – made a decision to approve the Terms and Conditions of the exchange-traded bonds issuance under the Program of the exchange-traded bonds (hereinafter – the Program).
Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds of the BO-001P-04 series to the bearer with the obligatory centralized custody, placed under the Program with the identification number of 4-60525-P-001P-02E as of 23.10.2015 assigned by CJSC “MICEX Stock Exchange” (hereinafter – the Exchange-traded bonds) |
The number of securities to be placed: | 10,000,000 (Ten million) bonds |
Nominal value: | 1,000 (One thousand) rubles each |
Maturity term: | 541st (Five hundred forty first) day from the commencing date of the Bonds placement. |
Placement method: | open subscription |
The securities prospectus has been provided to the Stock Exchange at the stage of identification number assignment to the Program.
The securities placement price or the procedure of its determination:
The placement price of the Exchange-traded bonds is fixed in the amount of 1,000 (One thousand) rubles for 1 (One) Exchange-traded bond (100% of the nominal value).
From the second day of the Exchange-traded bonds placement within the settlement of the sale and purchase transaction the buyer shall also pay the accumulated coupon yield against the Exchange-traded bonds calculated using the formula specified in clause 17 of the Program and in clause 8.19 of the Prospectus.
The securities placement term or the procedure of its determination:
The commencing date of the Exchange-traded bonds placement is determined by the Issuer’s sole executive body.
Other information on the commencing date determination procedure is stipulated in clause 8.2 of the Program.
The completion date of the Exchange-traded bonds placement is the earliest of the following dates:
a) the 3rd (Third) business day from the commencing date of the Exchange-traded bonds placement;
b) the date of placement of the last Exchange-traded bond.
The Exchange-traded bonds issuance is not supposed to be placed in tranches.
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.