15 Dec 2016 08:36
Lenta to hold a Strategy Day
St. Petersburg, Russia; 15 December, 2016 - Lenta Ltd, (LSE, MOEX: LNTA) ("Lenta"), one of the largest retail chains in Russia, is pleased to announce it will be holding a Strategy Day in London on 16th February 2017 at 14:00 (GMT). The Strategy Day will include presentations and Q&A sessions with the Lenta's executive management team.
The executive management team will update on the Lenta's key achievements following the IPO and present new strategic goals and initiatives for the business in the medium- to long-term.
Registration for the Strategy Day will begin on 15 December 2016 via e-mail/call confirmation.
Key contacts:
Sally Graham
J.P. Morgan
+ 44 207 134 61 91
sally.graham@jpmorgan.com
Venue:
J.P. Morgan Office
60 Victoria Embankment
London, UK, EC4Y 0JP
About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country's fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 183 hypermarkets in 77 cities across Russia and 44 supermarkets in Moscow and St. Petersburg, with a total of approximately 1,104,181 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,800 sq.m. The average Lenta supermarket store has selling space of approximately 1,000 sq.m. The Company operates seven owned 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 34,134 people as of 30 June 2016[1].
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'.
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 Anna Meleshina, Public Relations & Government Affairs Director Tel: +7 812 363 28 53 E-mail: anna.meleshina@lenta.com
Anastasia Kuznetsova, Corporate Communications Manager Тel:+7 (812) 336 39 97 E-mail: a.kuznetsova@lenta.com | Citigate International Media: David WestoverТel: +44 207 282 2886 E-mail: lentateam@citigatedr.co.uk
FTI Consulting Russian Media: Anton Karpov & Victoria AfoninaТel:+7 495 795 06 23 E-mail: lenta@FTIconsulting.com |
[1] FTE (full-time equivalent). Average FTE for 1H 2016 was 33,758 employees