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28 Oct 2013 14:00
O'KEY GROUP S.A. ANNOUNCES APPOINTMENT OF THE BOARD OF DIRECTORS
28.10.2013 - O'KEY GROUP S.A. (the "Company" or "O'KEY"), a leading Russian food retailer, announces the termination with effect 28 October 2013 at 6:00 pm CET the authorities of the members of the Board of Directors of the Company.
The Company is pleased to announce the appointment, with effect 28 October 2013 at 6:01 pm CET and for a term ending at the annual general meeting of the Company expected to be held in 2018 and approving the annual accounts for the year ending 31 December 2017, Dmitrii TROITCKII, Dmitry KORZHEV, Heigo KERA and Tony Denis MAHER as the new members of the Board of Directors of the Company and Boris VOLCHEK, as new Caraden Director.
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COMPANY OVERVIEW
"O'KEY" is one of the largest retail chains in Russia. Its primary retail format is the modern Western European hypermarket under the "O'KEY" brand, complemented by "O'KEY - Express" supermarkets.
The Company opened its first hypermarket in St. Petersburg in 2002 and has demonstrated continuous growth ever since. As of June 30, 2013, O'KEY operated 85 stores in 21 cities across Russia: 54 hypermarkets with an aggregate selling space of approximately 396,000 square meters and 31 supermarkets with an aggregate trading space of approximately 41,000 square meters. As of June 30, 2013, O'KEY employed more than 24,000 people.
In accordance with the consolidated financial statements for the 1H 2013, O'KEY's revenue was RUB 64.7 billion, like-for-like revenue growth rate stood at 7.5% and its EBITDA margin was 6.6%.
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FOR FURTHER INFORMATION PLEASE CONTACT
Maksim Kravtsov
Head of investor relations
Num. +7(495)6636677, ext. 220
e-mail: ir@okmarket.ru
www.okmarket.ru
Artem Glushchenko
Head of public relations
Num. +7(495)6636677, ext. 338
e-mail: corpcom@okmarket.ru
www.okmarket.ru
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