OREANDA-NEWS. May 28, 2009. Cherkizovo Group OJSC (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, gives notice of the decision by the Board of Directors on bond series 01, and related bond offer documentation, reported the press-centre of Cherkizovo Group.

On May 18, 2009 the Board of Directors of Cherkizovo Group OJSC resolved to purchase on the 4th day of the eighth coupon period, on request of bond holders, all bonds within the last 5 days of the seventh coupon period, with the option of recirculation prior to redemption, in the order and under conditions indicated in p. 10.1 of Decision about Capital Issue (state registration number 4-01-10797-А dated 11.05.2006).

Cherkizovo Group OJSC has also published an irrevocable public offer, in which the Company obliges to buy on the 4th day of the eighth coupon period the non-convertible interest-bearing documentary bonds series 01, issued by the Group, with a par value of 1 000 rubles each.
Purchase of bonds by the Group is conducted in the Trade System of MICEX according to regulatory documents of the Stock Exchange and the MICEX clearing system.

The rate of the seventh coupon period is determined as 17% per annum. The bond yield will be calculated to the date of repayment of the seventh coupon or to 01.12.2009.

The public offer and statement about the coupon rate are disclosed on the regulatory newswire and published on the Company’s website, according to the applicable legislation of the Russian Federation.