MGNT.L Regulatory News (MGNT)

 

 

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Press Release | Krasnodar | January 25, 2019

PJSC "Magnit" Announces the Approval of the Terms and Conditions of the Exchange-Traded Bonds Issuance

 

Krasnodar, Russia (January 25, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the approval of the Terms and Conditions of the exchange-traded bonds issuance of the BO-003P-01 series.

 

On January 24, 2019 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-003P-01 series to the bearer with the obligatory centralized custody, placed under the Program with the identification number of 4-60525-P-003Р-02Е as of 30.01.2018 assigned by Moscow 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:	1 092nd (One thousand ninety second) 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 18 of the Program.

 

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

 

 

Petr Molchanov     Media Inquiries

Chief Investment Officer   Media Relations Department

Email: molchanov_ps@magnit.ru   Email: press@magnit.ru

Office: +7-861-277-4554 x 45000  

 

Note to editors:

Public Joint Stock Company "Magnit" is one of Russia's leading retailers. Founded in 1994, the company is headquartered in the southern Russian city of Krasnodar. As of September 30, 2018, Magnit operated 37 distribution centers and 17,442 stores (12,813 convenience, 457 supermarkets and 4,172 drogerie stores) in 2,866 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the reviewed IFRS consolidated financial statements for 1H 2018, Magnit had revenues of RUB 595 billion and an EBITDA of RUB 44 billion. Magnit's local shares are traded on the Moscow 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.