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
March 30, 2016
PJSC “Magnit” Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds
Krasnodar, March 30, 2016: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-001?-03 series.
In accordance with Decision of the Chief Executive Officer of PJSC “Magnit” (Decision w/o No. of March 30, 2016), the interest rate of the 1st coupon of the non-convertible interest-bearing certified exchange-traded bonds of PJSC “Magnit” of the BO-001P-03 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds with the identification number of 4-60525-P-001P-02E as of 23.10.2015 (hereinafter – the Bonds) is 10,6 (Ten point six) % per annum.
The interest rate of the 2nd, the 3rd and the 4th coupon period is equal to the interest rate of the 1st coupon period.
| Reporting period which the Bond yield is paid for: |
The exchange-traded bonds have 4 coupon periods. Each of the periods lasts 182 days.
1st coupon period: from the commencing date of the Bonds placement to the 182nd day from the commencing date of the Bonds placement;
2nd coupon period: from the 182nd day from the commencing date of the Bonds placement to the 364th day from the commencing date of the Bonds placement;
3rd coupon period: from the 364th day from the commencing date of the Bonds placement to the 546th day from the commencing date of the Bonds placement;
4th coupon period: from the 546th day from the commencing date of the Bonds placement to the 728th day from the commencing date of the Bonds placement. |
| Total amount of the accrued Bond yield: |
1st coupon – 528,500,000.00 (Five hundred and twenty eight million five hundred thousand) rubles;
2nd coupon – 528,500,000.00 (Five hundred and twenty eight million five hundred thousand) rubles;
3rd coupon – 528,500,000.00 (Five hundred and twenty eight million five hundred thousand) rubles;
4th coupon – 528,500,000.00 (Five hundred and twenty eight million five hundred thousand) rubles. |
The amount of the accrued yield per one Bond: |
1st coupon – 52 (Fifty two) rubles 85 (Eighty five) kopecks;
2nd coupon – 52 (Fifty two) rubles 85 (Eighty five) kopecks;
3rd coupon – 52 (Fifty two) rubles 85 (Eighty five) kopecks;
4th coupon – 52 (Fifty two) rubles 85 (Eighty five) kopecks. |
| The total amount of interest to be paid against Bonds and the amount of interest to be paid per one Bond: |
1st coupon – 10,6 (Ten point six) percent per annum;
2nd coupon – 10,6 (Ten point six) percent per annum;
3rd coupon – 10,6 (Ten point six) percent per annum;
4th coupon – 10,6 (Ten point six) percent per annum. |
| Method of payment: |
Monetary funds in the currency of the Russian Federation by means of non-cash settlement |
| The date when the obligation to pay the Bond yield shall be fulfilled: |
1st coupon period: the 182nd day from the commencing date of the Bonds placement;
2nd coupon period: the 364th day from the commencing date of the Bonds placement;
3rd coupon period: the 546th day from the commencing date of the Bonds placement;
4th coupon period: the 728th day from the commencing date of the Bonds placement. |
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 December 31, 2015, Magnit operated 33 distribution centers and about 12,089 stores (9,594 convenience, 374 hypermarkets, and 2,121 drogerie stores) in 2,361 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.