6 Mar 2023 14:00
Lenta IPJSC (LNTA;LENT) Lenta IPJSC: Lenta Announces the Holding of the Board of Directors Meeting 06-March-2023 / 15:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release | St. Petersburg | 6 March 2023
Lenta Announces the Holding of the Board of Directors Meeting
St. Petersburg, Russia, 6 March: Lenta IPJSC (LSE: LNTA, MOEX: LENT), one of the largest multi-format retail chains in Russia, today announces the holding of the Board of Directors meeting on 7 March 2023. The agenda of the meeting: On recommendations issued by the Audit Committee of the Company’s Board of Directors. Approval of reorganization of LLC “Lenta Realty” in the form of merger with LLC Lenta. On approval of the resolution on voluntary liquidation of the Limited Liability Company “Semya”. On approval of the resolution on voluntary liquidation of the Limited Liability Company “Semya OPT”. On approval of the resolution on the transfer of the trademarks owned by LLC “Semya”.
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About Lenta Lenta IPJSC (LSE: LNTA, MOEX: LENT) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and a new proximity store format under the brand Mini Lenta. It also provides customers the option to shop online via its own Lenta Online services, Online Partners and the Utkonos platform. Lenta is Russia’s largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of 31 December 2022, operated 259 hypermarkets and 561 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia, with almost 1.79 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of Selling Space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 14 distribution centers to supply all its stores. 2022 Revenues were RUB 537 billion (approximately USD 7.6 billion).
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| ISIN: | US52634T2006, US52634T1016 |
| Category Code: | MSCM |
| TIDM: | LNTA;LENT |
| LEI Code: | 213800OMCE8QATH73N15 |
| Sequence No.: | 227805 |
| News ID: | 1575727 |
| End of Announcement | EquityStory RS News Service |
UK Regulatory announcement transmitted by EQS Group AG. The issuer is solely responsible for the content of this announcement.