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Magnit
Delisting Announcement • Oct 12, 2015
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Delisting Announcement
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PJSC MAGNIT - Expiration of the Term for the Offers' Submission
PR Newswire
London, October 12
Press-release
Krasnodar
October 12, 2015
PJSC “Magnit” Announces the Expiration of the Term for the Offers’ Submission
Krasnodar, October 12, 2015: PJSC “Magnit”, Russia’s largest food retailer (the “Company”, the “Issuer”; MOEX and LSE: MGNT) announces the expiration of the term for the submission of the offers from the potential acquirers of the Exchange-traded bonds to execute the preliminary agreements.
According to the decision of the PJSC “Magnit” Chief Executive Officer (Decision w/o No of October 12, 2015) the term for submission of the offers from the potential acquirers of the Exchange-traded bonds of the BO-10 series to execute the preliminary agreements has expired on October 12, 2015 at 4 PM Moscow time. According to the preliminary agreements, potential acquirers and the Underwriter (CJSC “Sberbank CIB”) shall execute the principal Exchange-traded bonds sale and purchase agreements on the commencing date of Exchange-traded bonds placement.
For further information, please contact:
| Timothy Post | Director, Investor Relations Email: [email protected] 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: [email protected] Office: +7-861-277-45-54 x 15101 Mobile: +7-961-511-0202 Direct Line: +7-861-277-4562 |
| Media Inquiries | PR and GR Department [email protected] |
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 September 30, 2015, Magnit operated 29 distribution centers and about 11,400 stores (9,246 convenience, 335 hypermarkets, and 1,807 drogerie stores) in approximately 2,297 cities and towns throughout 7 federal regions of the Russian Federation.
In accordance with the reviewed IFRS consolidated financial statements for 1H 2015. Magnit had revenues of RUB 455 billion and an EBITDA of RUB 49 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.
