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
July 1, 2016
PJSC "Magnit" Announces the Commencing Date of the Exchange-Traded Bonds Placement
Krasnodar, July 1, 2016: PJSC "Magnit", Russia's largest food retailer (the "Company"; the "Issuer", MOEX and LSE: MGNT) announces the commencing date of the exchange-traded bonds placement.
Parameters of the bonds placement:
Type of securities: | Non-convertible interest-bearing certified exchange-traded bonds of PJSC "Magnit" of the BO-001P-04 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 (the Exchange-traded bonds) |
Identification number assigned to the issue and the date of assignment: | 4B02-04-60525-P-001P of 30.06.2016 |
Maturity date: | 541 (Five hundred forty first) day from the commencing date of the Exchange-traded bonds placement |
Name of the authority which assigned the identification number to the securities issue: | Closed Joint Stock Company "MICEX Stock Exchange" |
Amount of securities to be placed: | 10,000,000 bonds |
Nominal value: | 1,000 rubles each |
Placement method: | open subscription |
Pre-emptive right: | not provided |
Placement commencing date: | July 5, 2016 |
The price of the securities placement or the procedure of its determination:
The price of the placement 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 placement of the Exchange-traded bonds within the settlement of the sale and purchase transaction the buyer of the Exchange-traded bonds shall also pay the accumulated coupon yield against the Exchange-traded bonds calculated by the formula specified in the clause 17 of the Bonds Program and in the clause 8.19 of the Prospectus.
The commencing date of the securities placement:
The commencing date of the Exchange-traded bonds placement: July 5, 2016.
The commencing date of the Exchange-traded bonds placement determined by the authorized management body of the Issuer may be changed by the decision of this body subject to the requirements for the procedure of the disclosure of information on the change of the commencing date of the Exchange-traded bonds placement, established in accordance with the legislation of the Russian Federation, the Bonds Program and the Prospectus.
If the Issuer adopts the decision to change the commencing date of the Exchange-traded bonds placement disclosed pursuant to the procedure specified above, the Issuer shall publish the report on change of the commencing date of the Exchange-traded bonds placement in the newswire and on the webpage in the Internet in accordance with the regulatory enactments related to financial markets not later than 1 (One) day prior to the corresponding date.
The completion date of the securities placement or the procedure of its determination:
The completion date of the Exchange-traded bonds placement is the earliest date 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 decision was made by the Issuer's sole executive body (Chief Executive Officer) on June 30, 2016 (Decision w/o No. of June 30, 2016).
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.