29 Nov 2021 14:00
Press Release | St. Petersburg | 29 November 2021
Lenta Announces Listing of Ordinary Shares on MOEX
St. Petersburg, Russia, 29 November 2021: Lenta IPJSC (MOEX & LSE: LNTA), one of the largest multi-format retail chains in Russia, announces that it has been notified by Moscow Exchange ("MOEX") that with effect from 26 November 2021 the Company's ordinary shares (the "Ordinary Shares ") have been included into the "Level 1" part of the list of securities admitted to trading on MOEX.
The trading in the Ordinary Shares on MOEX will commence on 1 December 2021. The global depositary receipts (ISIN: US52634T1016) ("GDRs") will be delisted from MOEX in the first half of 2022. GDRs will continue to be listed and traded on the London Stock Exchange.
GDR holders who wish to cancel their GDRs and receive Ordinary Shares in return will be charged a reduced GDR cancellation fee by the Depositary of USD 3 cents per GDR if the Depositary receives instructions to make such conversion from the GDR holder (or their broker) from (and including) 1 December 2021 and until 18:00 hours (Moscow time) on 1 February 2022, after which the fee will revert to the standard USD 5 cents per GDR fee.
GDR holders who convert their GDRs into the Ordinary Shares prior to 20 January 2022 will not be subject to the annual administration fee of USD 3 cents per GDR expected to be charged by the Depositary in 2022.
The holders of GDRs may find additional information on conversion of equity instruments through the following link http://www.lentainvestor.com/en/investors/shareholders/shareholder-capital.
Investors and prospective investors are advised to consult with their legal, financial, tax and strategic advisers regarding the above.
For further information, please visit www.lentainvestor.com or contact:
Lenta Tatyana VlasovaHead of Investor Relationstatyana.vlasova@lenta.com | Lenta Mariya FilippovaHead of Public Relations and Government Affairsmaria.filippova@lenta.com | |
EM (International Media Inquiries)Lenta@em-comms.com | ||
About Lenta
Lenta IPJSC (LSE and MOEX: LNTA) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand "Mini Lenta." It also provides customers the option to shop online via its click-and-collect and express delivery services. 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 September 30, 2021, operated 255 hypermarkets and 419 supermarkets in 88 cities across Russia with more than 1.7 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 of its stores. 2020 Revenues were RUB 445 billion (approximately USD 6 billion).