13 May 2010 07:00
X5 REDEEMS Pyaterochka-finance BONDS
Moscow, 13 May 2010 - X5 Retail Group N.V. ("Company"), Russia's largest retailer in terms of sales (LSE ticker: "FIVE"), today announced that it has fully redeemed Pyaterochka-Finance corporate ruble bonds series 01. The redemption amount totaled RUR 1,500 million, which includes RUR 1,489.9 million of technical redemption of bonds, previously purchased from the market by another company of X5. X5 has also paid coupon on Pyaterochka-Finance bonds in the amount of RUR 85.635 million.
For reference:
Non-convertible interest-bearing RUR-denominated corporate bond issue series 01, registration #№4-0136081R as at 31 March 2005. Par value of the issue was RUR 1,5 billion - 1 500 000 bonds at RUR 1,000 par each.
For further details please contact |
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Egor Voytenkov Senior IR manager Tel.: +7 (495) 980-2729, ext. 22 455 e-mail: egor.voytenkov@x5.ru
| Maxim Trapeznikov Head of PR Department Tel.: +7 (495) 662-8888, ext. 31 262 e-mail: maxim.trapeznikov@x5.ru
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Note to Editors:
X5 Retail Group N.V. is Russia's largest retailer in terms of sales. The Company was created as a result of a merger between Pyaterochka (soft discounter chain) and Perekrestok (supermarket chain) on 18 May 2006. In June 2008, X5 acquired Karusel hypermarket chain and substantially strengthened its position in hypermarket format.
As at 31 March 2010, X5 had 1,399 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,063 soft discount stores, 276 supermarkets and 60 hypermarkets.
As at 31 March 2010, X5's franchisees operated 640 stores across Russia.
For the full year 2009 X5's net sales totaled USD 8,717 mln, EBITDA reached USD 736 mln, and net profit amounted to USD 165 mln. For the first quarter 2009 X5's net retail sales reached USD 2,534 mln.
X5 Shareholder structure is as follows: Alfa Group - 47.9%, founders of Pyaterochka - 23.1%, X5 Management - 1.9%, treasury shares - 0.1%, free float - 27.0%.
Forward looking statements:
This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as" anticipate", "target", "expect", "estimate", "intend", "expected", "plan", "goal" believe", or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond X5 Retail Group N.V.'s control. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements.
Any forward-looking statements made by or on behalf of X5 Retail Group N.V. speak only as at the date of this announcement. Save as required by any applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.