X5 Retail Group N.V. Redeems Paterson Bonds
18 Dec 2009
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.
For reference:
* Non-convertible interest-bearing RUR-denominated corporate bond issue, registration #¹4- 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 http://www.x5.ru/.
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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