Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLNTA.L Regulatory News (LNTA)

  • There is currently no data for LNTA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Redomiciliation and change in depositary have become effective

21 Feb 2020 13:15

Lenta Ltd. (LNTA;LNTR) Redomiciliation and change in depositary have become effective 21-Feb-2020 / 14:15 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.


 

 

LENTA ANNOUNCES REDOMICILIATION AND CHANGE IN DEPOSITARY

HAVE BECOME EFFECTIVE

 

St. Petersburg, Russia; 21 February 2020 - Lenta PLC ("Lenta" or the "Company"), one of the largest retail chains in Russia, today announces that the continuance of the Company into Cyprus (the "Redomiciliation") and a change in the depositary appointed in connection with the Company's global depositary receipt programme (the "GDR Programme") have become effective.

 

This announcement should be read in conjunction with the Company's announcement of 8 January 2020 in relation to the Redomiciliation and change in depositary (the "Previous Announcement").

 

Redomiciliation

 

Further to the Company's application to the Department of Registrar of Companies and Official Receiver (the "DRCOR") for continuance of the Company's incorporation into Cyprus, the DRCOR today issued the Company with a certificate of temporary registration in Cyprus.

 

As a result of the Redomiciliation becoming effective, the Company is now named Lenta PLC, a public limited liability company incorporated under the laws of Cyprus, registered at 6 Karaiskaki Street, City House, 3032 Limassol, Cyprus. The Company's corporate secretary is Crystalserve Secretarial Limited.

 

The Company's GDRs continue to be admitted to trading on the London Stock Exchange and the Moscow Exchange (with no change to their ISINs) and to the Official List of the UK Financial Conduct Authority. The terms and conditions of the Company's GDRs remain governed by English law and the Redomiciliation has not resulted in any changes to the rights attaching to them.

 

In connection with the Redomiciliation becoming effective, the Company has adopted a new memorandum and articles of association (which may be viewed on the Company's website (www.lentainvestor.com) and entered into a new deposit agreement (the "New Deposit Agreement").

 

Further information regarding the status of the Company following the Redomiciliation may be found in the Previous Announcement.

 

To make the Redomiciliation permanent, the Company intends to apply to the Registry of Corporate Affairs in the British Virgin Islands for a certificate of discontinuance of the Company in the British Virgin Islands and, thereafter, to the DRCOR for a permanent certificate of incorporation in Cyprus.

 

Change of depositary

 

Deutsche Bank Luxembourg S.A. today ceases to be the depositary under the GDR Programme. Pursuant to the New Deposit Agreement, its affiliate Deutsche Bank Trust Company Americas (the "New Depositary") has today become the depositary under the GDR Programme.

 

In accordance with rule 18.4.5 R of the listing rules of the UK Financial Conduct Authority, the Company sets out below key information regarding the New Depositary:

 

NAME:  Deutsche Bank Trust Company Americas

 

REGISTERED OFFICE:  60 Wall Street, New York, NY 10005, USA

 

PRINCIPAL ADMINISTRATIVE ESTABLISHMENT:  Same as registered office

 

DATE OF INCORPORATION:  24 March 1903

 

CORPORATE LIFESPAN:  Indefinite

 

OPERATIVE LEGISLATION:  The New York Banking Law

 

LEGAL FORM:  State-chartered New York banking corporation

 

Other than as set out in this announcement and the Previous Announcement, there has been no change to the information regarding the Company's GDRs.

 

 

About Lenta

Lenta is the largest hypermarket chain in Russia and the country's fourth-largest retail chain. The Company was founded in 1993 in St. Petersburg. Lenta operates 249 hypermarkets in 88 cities across Russia and 131 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and Central regions, with a total of approximately 1,489,497 sq.m. of selling space. The average Lenta hypermarket store has selling space of approximately 5,500 sq.m. The average Lenta supermarket store has selling space of approximately 840 sq.m. The Company operates 12 distribution centers.

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 48,391 people as of 31 декабря 2019.

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 Severgroup, which is 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'

A brief video summary on Lenta's business and its Big Data initiative can be seen here.

For further information please visit www.lentainvestor.com, or contact:
  Lenta Mariya Filippova Public Relations and Government Affairs Director Tel: +7 812 380-61-31 ext.: 1892 E-mail: maria.filippova@lenta.com

 

Russian Media:

NW Advisors

Victoria Afonina

Тel:+7 495 795 06 23

E-mail: lenta@nwadvisors.com

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 Lenta'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 Lenta speak only as at the date of this announcement. Save as required by any applicable laws or regulations, Lenta 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.


ISIN:US52634T2006, US52634T1016
Category Code:MSCH
TIDM:LNTA;LNTR
LEI Code:213800OMCE8QATH73N15
OAM Categories: 2.1. Home Member State
3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:48148
EQS News ID:981063
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
28th May 20193:09 pmRNSAppointment of new Directors
22nd May 20199:58 amEQSLenta Ltd.: Holding(s) in Company
21st May 20191:01 pmEQSLenta Ltd.: Holding(s) in Company
20th May 201910:54 amRNSHolding(s) in Company
17th May 201912:15 pmRNSHolding(s) in Company
16th May 20191:56 pmRNSUpdate on cash offer. Severgroup reaches 50%
16th May 20197:46 amRNSHolding(s) in Company
13th May 201910:00 amRNSHolding(s) in Company
9th May 20193:43 pmRNSHolding(s) in Company
30th Apr 20194:58 pmRNSHolding(s) in Company
30th Apr 20194:14 pmRNSHolding(s) in Company
30th Apr 20193:32 pmRNS2018 Annual Report
30th Apr 20192:03 pmRNSChange of capital structure
30th Apr 201910:08 amRNSHolding(s) in Company
30th Apr 20199:33 amRNSCompletion of acquisition
30th Apr 20198:09 amRNSTender Offer
30th Apr 20197:56 amRNSUpdate on cash offer. Pre-condition satisfied
25th Apr 20193:03 pmRNSLenta confirms FAS approval
25th Apr 20197:51 amRNS1Q2019 sales and operating results
8th Apr 20197:47 amRNSTransaction in Own Shares: 01/04/2019-05/04/2019
5th Apr 20197:30 amRNSUpdate on the proposed cash offer
2nd Apr 20197:00 amRNSProposed Cash Offer for Lenta Ltd by Severgroup
2nd Apr 20197:00 amRNSTermination of Buyback Programme
1st Apr 20197:53 amRNSAppointment of Rud Pedersen as CFO
1st Apr 20197:41 amRNSTransaction in Own Shares: 01/04/2019
28th Mar 20197:52 amRNSPossible acquisition of Lenta Ltd's shares
27th Mar 20197:35 amRNSPossible Acquisition of Lenta Ltd's shares
25th Mar 20197:00 amRNSTransaction in Own Shares: 25/03/2019
18th Mar 20197:00 amRNSTransaction in Own Shares: 18/03/2019
11th Mar 20197:44 amRNSTransaction in Own Shares 11/03/2019
4th Mar 20197:06 amRNSTransaction in Own Shares
25th Feb 20197:00 amRNSTransaction in Own Shares:25/02/2019
22nd Feb 20197:00 amRNSAnnual Financial Report
18th Feb 20197:00 amRNSTransaction in Own Shares:18/02/2019
11th Feb 20197:00 amRNSTransaction in Own Shares:11/02/2019
4th Feb 20197:00 amRNSTransaction in Own Shares:04/02/2019
28th Jan 20197:00 amRNSTransaction in Own Shares: 28/01/2019
24th Jan 20197:00 amRNS4Q&FY2018 Sales and operating results
21st Jan 20197:04 amRNSTransaction in Own Shares
14th Jan 20197:09 amRNSTransaction in Own Shares: 14/01/2019
18th Dec 201812:47 pmRNSHolding(s) in Company
17th Dec 20186:30 amEQSLenta Ltd.: Transaction in Own Shares: 10/12/2018-14/12/2018
10th Dec 20187:00 amRNSTransaction in Own Shares: 10/12/2018
7th Dec 20187:00 amRNSLenta appoints Herman Tinga as CEO
3rd Dec 20187:00 amRNSTransaction in Own Shares 03/12/2018
26th Nov 20187:00 amRNSTransaction in Own Shares: 26/11/2018
19th Nov 20186:57 amEQSLenta Ltd.: Transaction in own shares
12th Nov 20187:00 amRNSTransaction in Own Shares
9th Nov 20187:00 amRNSAppointment of new Chief Financial Officer
29th Oct 20187:00 amRNS3Q 2018 sales and operating results

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.