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GDR Admission to listing

26 Oct 2015 14:08

RNS Number : 4544D
Lenta Ltd
26 October 2015
 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, THE UNITED ARAB EMIRATES, QATAR, THE RUSSIAN FEDERATION (UNLESS OTHERWISE PERMITTED UNDER RUSSIAN SECURITIES LAWS) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL. 

 

These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials are not an offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Lenta Ltd. does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.

 

This document is an advertisement and is not a prospectus for the purposes of the Prospectus Directive. A prospectus prepared pursuant to the Prospectus Directive has been published which can be obtained from Lenta Ltd. at its registered office. Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus. The expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to the extent implemented in any relevant Member State) and includes any relevant implementing measure in the relevant Member State.

 

Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented the Prospectus Directive is addressed solely to qualified investors (within the meaning of the Prospectus Directive) in that Member State.

 

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). Any securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

 

 

 

 

 

St. Petersburg, Russia; 26 October 2015 - Lenta Ltd. (LSE, MOEX: LNTA / LNTR; "Lenta" or the "Company"), one of the largest retail chains in Russia, is pleased to announce that the Company's application to the FCA, in its capacity as competent authority under the FSMA, for the GDRs to be admitted to the Official List of the FCA and to the LSE to admit the GDRs for trading under the symbol LNTA on its market for listed securities, has been granted. Admission to listing and trading has taken place on 26 October 2015. There are now 486,593,730 GDRs admitted in aggregate, consisting of (i) 462,065,995 existing GDRs, (ii) 21,126,760 GDRs issued on 26 October 2015, and (iii) up to an additional 3,400,975 GDRs to be issued from time to time against the deposit of shares with the custodian for the depositary of our GDR programme.

 

 

***For further information, please visit www.lentainvestor.com, or contact:

Lenta

 

Anna Meleshina, Director of Public Relations and Government Affairs

+7 812 363 28 53

Anna.Meleshina@lenta.com

 

Albert Avetikov, Director of Investor Relations

+7 812 363 28 44

Albert.Avetikov@lenta.com

 

 

 

About Lenta

 

Lenta is one of the largest retail chains in Russia and the country's second largest hypermarket chain (in terms of 2014 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 122 hypermarkets in 631 cities across Russia and 27 supermarkets in the Moscow region, with a total of approximately 787,804 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 6,200 sq.m. The Company operates six hypermarket distribution centres.

 

The Company's price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 30,6552 people as of 30 June 2015.

 

The Company's management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta's largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: 'LNTA'.

 

 

******

 

Information contained herein is not an offer, or an invitation to make offers, to sell, purchase, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity, except to the extent permitted under Russian securities laws. This document is not an advertisement in connection with the "placement" or "public circulation" (as both terms are defined under Russian securities law) of any securities and securities are not intended for "placement" or "public circulation" in the Russian Federation, in each case unless otherwise permitted under Russian securities laws. Neither securities nor a prospectus relating to such securities has been or will be registered with the Central Bank of Russia.

 

The placing of securities has not been approved or licensed by the Central Bank of the United Arab Emirates ("UAE"), the Securities and Commodities Authority of the UAE and/or any other relevant licensing authority in the UAE including any licensing authority incorporated under the laws and regulations of any of the free zones established and operating in the territory of the UAE, in particular the Dubai Financial Services Authority ("DFSA"), a regulatory authority of the Dubai International Financial Centre ("DIFC"). The placing of securities does not constitute a public offer of securities in the UAE, DIFC and/or any other free zone in accordance with the Commercial Companies Law, Federal Law No 2 of 2015, DFSA Markets Law DIFC Law No. 1 of 2012, Markets Rules and NASDAQ Dubai Rules, accordingly, or otherwise. The global depositary receipts may not be offered to the public in the UAE and/or any of the free zones.

 

This document does not, and is not intended to, constitute an invitation for an offer of any investment or financial product in the State of Qatar (including the Qatar Financial Centre) and accordingly should not be construed as such. By receiving this document the person or entity to whom it has been provided understands, acknowledges and agrees that (i) neither this document nor any product referred to in it has been registered, considered, approved or authorised by the Qatar Central Bank, the Qatar Financial Markets Authority, the Qatar Financial Centre Regulatory Authority or any other authority or agency in the State of Qatar; (ii) Lenta has not been authorised or licensed by any such authority to market or sell any products or interests referred to in this document within the State of Qatar; and (iii) all applications in relation to this document should be received, any agreement concluded and any allotments made, from outside Qatar. No marketing of any financial products or services has or will be made from within the State of Qatar. The interests have not been offered, sold or delivered and will not be offered, sold or delivered at any time directly or indirectly in the State of Qatar. This document shall not form the basis of, or be relied on in connection with, any contract in Qatar. Neither Lenta nor persons representing it are, by distributing this document, advising individuals resident in the State of Qatar as to the appropriateness of investing in these financial products. Nothing contained in this document is intended to constitute investment, legal, tax, accounting or other professional advice in, or in respect of, the State of Qatar.

 

This document may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved. As a result, actual future results may differ materially from the plans, goals and expectations set out in these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements.

 

Any forward-looking statements made by or on behalf of Lenta speak only as at the date of this announcement. Subject to its legal and regulatory obligations, neither the Company, nor any of its agents, employees or advisors intends or has any duty or obligation to supplement, amend, update or revise any of the forward looking statements contained in this document to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.

 

In no circumstances shall the provision of this document imply that no negative change may occur in the business of the Company after the date of provision of this document, or any date of amendment and/or addition thereto.

 

 


1 Lenta has changed methodology for calculating number of cities of presence and since 1 May 2015 all cities located in Moscow City and the Moscow region are shown as Moscow

2 FTE (full-time equivalent). Monthly average FTE for 1H 2015 was 29,776 employees.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCFEAFDMFISEIS
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27th Jan 20238:00 amEQSLenta IPJSC: Lenta Announces Management Changes
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22nd Dec 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
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25th Nov 20228:00 amEQSLenta IPJSC: Lenta opens a hypermarket in Tomsk
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14th Nov 20228:00 amEQSLenta IPJSC: Lenta Expands its Own Fleet to Include KAMAZ Compass Trucks
14th Nov 20227:00 amEQSLenta IPJSC: Lenta Expands its Own Fleet to Include KAMAZ Compass Trucks
24th Oct 20228:00 amEQSLenta IPJSC: LENTA REPORTS TOTAL SALES GROWTH OF 15.7% AND ONLINE SALES GROWTH OF 137.2% IN 9M 2022
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18th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
18th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
12th Oct 20225:00 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
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4th Oct 202210:00 amEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
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18th Aug 20223:00 pmEQSLenta IPJSC: Lenta IPJSC Informs about Submission of a Notification for Automatic Conversion of GDRs
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12th Aug 202210:00 amEQSLenta IPJSC: Lenta Announces Results of EGM
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25th Jul 20225:30 pmEQSLenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting
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22nd Jul 20224:00 pmEQSLenta IPJSC: Lenta IPJSC Announces the State Registration of the Report on the Results of the Securities Placement
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