RNS Number : 3588E
X5 Retail Group N.V.
18 December 2009
X5 REDEEMS PATERSON BONDS
Moscow, 18 December 2009 - X5 Retail Group N.V. ("Company"), Russia's largest retailer in terms of sales
(LSE ticker: "FIVE"), today announced that it has fully redeemed Paterson-Invest corporate ruble bonds. The redemption amount totaled RUR 1,386.6 million, which includes RUR 386.6 million of technical redemption of bonds, previously purchased from the market by another company of Paterson Group. X5 has also paid coupon on Paterson-Invest bonds in the amount of RUR 43.2 million.
* Non-convertible interest-bearing RUR-denominated corporate bond issue, registration #№4-01-36201-R as at 12 October 2006. Par value of the issue was RUR 2 billion - 2,000,000 bonds at RUR 1,000 par each. On 20 June 2008, in accordance with the put option, Paterson-Invest redeemed RUR 613.4 billion worth of bonds, while earlier another company of Paterson Group purchased RUR 386.6 worth of bonds.
X5 completed the acquisition of Paterson supermarket chain on 4 December 2009. For additional information regarding this transaction please see X5 Retail Group press releases dated 25 November and 4 December 2009. These press releases are available on our website at www.x5.ru.
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 30 September 2009, X5 had 1,217 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 952 soft discount stores, 210 supermarkets and 55 hypermarkets.
As at 30 September 2009, X5's franchisees operated 586 stores across Russia.
For the full year 2008, X5's net sales including acquired Karusel business on a pro-forma basis totalled USD 8,892 mln, EBITDA reached USD 803 mln, and net profit adjusted for non-cash goodwill impairment charge amounted to USD 112 mln.
For the nine months 2009 X5's net sales totalled USD 6,081 mln, EBITDA reached USD 509 mln, and net profit amounted to USD 121 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.
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