Last checked at 30 Mar 2010 07:00
DEPOSIT OF 2.6% OF EXISTING SHARES INTO X5 GDR FACILITY
Amsterdam, 30 March 2010 - X5 Retail Group N.V. ("X5"), Russia's largest retailer in terms of revenue (LSE ticker: "FIVE"), announced today that it has published a prospectus, which has been approved by the United Kingdom Listing Authority, in order to facilitate the deposit of 1,746,505 shares (the "Shares") into X5's Global Depositary Receipts ("GDRs") facility. The Shares, which represent approximately 2.6% of X5's total share capital, were issued by X5 in 2008 as part of the consideration paid for the Karusel hypermarket chain. The increase in the size of X5's GDR listing on the Main Market of the London Stock Exchange will not affect the number of X5's outstanding shares, which will remain unchanged at 67,893,218, while the number of GDRs, each equivalent to 0.25 of one ordinary share of X5, will increase by 6,986,020 GDRs (ISIN: US98387E2054) from 264,586,852 to 271,572,872. Following the deposit of the Shares into X5's GDR facility, 100% of X5's share capital will be held in the form of GDRs.
No GDRs, shares or securities of any other description are being offered for sale, subscription or otherwise in connection with the foregoing.
| For further details please contact
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| Anna Kareva IR Director Tel.: +7 (495) 980-2729, ext. 22 216 e-mail: anna.kareva@x5.ru
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| Maxim Trapeznikov Head of PR Department Tel.: +7 (495) 662-8888, ext. 31 262 e-mail: maxim.trapeznikov@x5.ru
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Note to Editors:
X5 Retail Group
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 31 December 2009, X5 had 1,372 Company-managed stores located in Moscow, St. Petersburg and other regions of European Russia, Urals and Ukraine, including 1,039 soft discount stores, 275 supermarkets and 58 hypermarkets.
As at 31 December 2009, X5's franchisees operated 620 stores across Russia.
For the nine months 2009 X5's net sales totaled USD 6,081 mln, EBITDA reached USD 509 mln, and net profit amounted to USD 121 mln. For the full year 2009, net retail sales totaled USD 8,675 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.