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This announcement does not contain or constitute an offer of, or the solicitation of an offer to purchase or subscribe for, the securities to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.  The Secutities may not be offered or sold in the United States unless registered under the US Securities Act or offered in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act.  The offer and sale of the Securities referred to herein has not been and will not be registered under the US Securities Act or under the applicable securities laws of Australia, Canada or Japan.  Subject to certain exceptions, the Securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.  There will be no public offer of the Securities in the United States, Australia, Canada or Japan or elsewhere.

 

Members of the general public are not eligible to take part in the sale. In member states of the European Economic Area ("EEA") (each, a "Relevant Member State"), this announcement and any offer if made subsequently is sent and addressed to and directed only at persons who are "qualified investors" within the meaning of the Prospectus Directive ("Qualified Investors"). For these purposes, the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU. In the United Kingdom this announcement is sent and distributed to and directed exclusively at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) who fall within Article 49(2)(A) to (D) of the Order, or (iii) to whom it may otherwise lawfully be communicated, and the Securities will only be available to, and any investment activity to which this announcement relates will only be engaged in with, such persons and it should not be relied on by anyone other than such persons.

 

THIS ANNOUNCEMENT AND MATERIALS CONTAINED IN IT ARE PROVIDED EXCLUSIVELY FOR INFORMATION AND ARE NOT AN OFFER OR A PART OF AN OFFER OR AN INVITATION TO ACQUIRE OR DISPOSE SECURITIES IN ANY JURISDICTION INCLUDING THE USA, AUSTRALIA, CANADA AND JAPAN.

 

Press Release | Krasnodar | December 18, 2019

PJSC Magnit Announces the Interest Rate of the Coupon Yield against the Exchange-Traded Bonds

Krasnodar, Russia (December 18, 2019): Magnit PJSC (MOEX and LSE: MGNT; Issuer; Company; Group), one of Russia's leading retailers, announces the interest rate of coupon yield against the Exchange-traded bonds of the BO-003Р-05 series.

In accordance with Decision of the Chief Executive Officer of PJSC Magnit (Decision w/o No. of December 18, 2019), the interest rate of the 1st coupon of the non-convertible interest-bearing certified exchange-traded bonds of PJSC Magnit of the BO-003P-05 series to the bearer with the obligatory centralized custody, placed under the Program of the exchange-traded bonds of the 003P series with the identification number of 4-60525-P-003Р-02Е as of 30.01.2018 (hereinafter - the Exchange-traded bonds) is 6.60 (Six point six zero) % per annum.

The interest rate of the 2nd, 3rd, 4th, 5th and 6th coupon periods is equal to the interest rate of the 1st coupon period.

 

Reporting period which the Exchange-traded bonds yield is paid for:	The Exchange-traded bonds have 6 coupon periods. Each coupon period 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; 5th coupon period: from the 728th day from the commencing date of the Bonds placement to the 910th day from the commencing date of the Bonds placement; 6th coupon period: from the 910th day from the commencing date of the Bonds placement to the 1092nd day from the commencing date of the Bonds placement.
Total amount of the accrued Exchange-traded bonds yield:	1st coupon - 329,100,000 rubles; 2nd coupon - 329,100,000 rubles; 3rd coupon - 329,100,000 rubles; 4th coupon - 329,100,000 rubles; 5th coupon - 329,100,000 rubles; 6th coupon - 329,100,000 rubles.
The amount of the accrued yield per one Exchange-traded bond:	1st coupon - 32.91 rubles; 2nd coupon - 32.91 rubles; 3rd coupon - 32.91 rubles; 4th coupon - 32.91 rubles; 5th coupon - 32.91 rubles; 6th coupon - 32.91 rubles.
The total amount of interest to be paid against Bonds and the amount of interest to be paid per one Exchange-traded bond:	1st coupon - 6.60 percent per annum; 2nd coupon - 6.60 percent per annum; 3rd coupon - 6.60 percent per annum; 4th coupon - 6.60 percent per annum; 5th coupon - 6.60 percent per annum; 6th coupon - 6.60 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 Exchange-traded bonds 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; 5th coupon period: the 910th day from the commencing date of the Bonds placement; 6th coupon period: the 1092nd day from the commencing date of the Bonds placement.

 

 

 

 

 

 

For further information, please contact:

Dmitry Kovalenko

Director for Investor Relations

Email: dmitry_kovalenko@magnit.ru

Office: +7 (861) 210-48-80

 

Dina Chistyak

Director for Investor Relations

Email: dina_chistyak@magnit.ru

Office: +7 (861) 210-9810 x 15101

 

Media Inquiries

Media Relations Department

Email: press@magnit.ru

 

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, 2019, Magnit operated 38 distribution centres and 20,497 stores (14,507 convenience, 467 supermarkets and 5,523 drogerie stores) in 3,694 cities and towns throughout 7 federal regions of the Russian Federation.

In accordance with the unaudited IFRS management accounts for 9M 2019, Magnit had revenues of RUB 1,000 billion and an EBITDA of RUB 63 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.