TIDMLNTR TIDMLNTA
RNS Number : 6144I
Lenta Ltd
26 March 2015
These materials are not for distribution, directly or
indirectly, in or into the United States (including its territories
and possessions, any State of the United States and the District of
Columbia). These materials are not an offer or solicitation to
purchase or subscribe for securities in the United States.
Securities may not be offered or sold in the United States absent
registration with the United States Securities and Exchange
Commission or an exemption from registration under the U.S.
Securities Act of 1933, as amended. Lenta Ltd. does not intend to
register any part of the offering in the United States or to
conduct a public offering of securities in the United States.
This document is an advertisement and is not a prospectus for
the purposes of the Prospectus Directive. A prospectus prepared
pursuant to the Prospectus Directive has been published which can
be obtained from Lenta Ltd. at its registered office. Investors
should not subscribe for any securities referred to in this
document except on the basis of information contained in the
prospectus. The expression "Prospectus Directive" means Directive
2003/71/EC (and amendments thereto, including Directive 2010/73/EU,
to the extent implemented in any relevant Member State) and
includes any relevant implementing measure in the relevant Member
State.
Any offer of securities to the public that may be deemed to be
made pursuant to this communication in any EEA Member State that
has implemented the Prospectus Directive is addressed solely to
qualified investors (within the meaning of the Prospectus
Directive) in that Member State.
This document is only being distributed to and is only directed
at (i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005, as amended (the "Order") or (iii) high net worth entities,
and other persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons in
(i), (ii) and (iii) above together being referred to as "relevant
persons"). Any securities described herein are only available to,
and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should
not act or rely on this document or any of its contents.
St. Petersburg, Russia; 26 March 2015 - Lenta Ltd (LSE, MOEX:
LNTA / LNTR; "Lenta" or the "Company"), one of the largest retail
chains in Russia, is pleased to announce that the Company's
application to the FCA, in its capacity as competent authority
under the FSMA, for the GDRs to be admitted to the Official List of
the FCA and to the LSE to admit the GDRs for trading under the
symbol LNTA on its market for listed securities, has been granted
subject to issuance in an additional amount of up to 35,201,995
GDRs, of which 35,200,000 GDRs were placed in an Offering announced
on 23 March 2015. Admission to listing and trading is expected to
take place on 27 March 2015. Upon admission, there will be
465,466,970 GDRs admitted in aggregate, consisting of (i)
457,562,270 GDRs, and (ii) up to an additional 7,904,700 GDRs to be
issued from time to time against the deposit of Shares with the
custodian for the depositary of our GDR programme.
***For further information, please visit www.lentainvestor.com,
or contact:
Lenta
Anna Meleshina, Director of Public Relations and Government
Affairs
+7 812 363 28 53
Anna.Meleshina@lenta.com
Albert Avetikov, Director of Investor Relations
+7 812 363 28 44
Albert.Avetikov@lenta.com
About Lenta
Lenta is one of the largest retail chains in Russia and the
country's second largest hypermarket chain (in terms of 2013
sales). The Company was founded in 1993 in St. Petersburg. Lenta
operates 111 hypermarkets in 62 cities across Russia and 24
supermarkets in Moscow and the Moscow region, with a total of
approximately 720,590 sq.m. of selling space. The average Lenta
hypermarket store has selling space of approximately 6,300 sq.m.
The Company operates four hypermarket 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
35,100(1) people as of 31 December 2014.
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, the European Bank for Reconstruction and Development and
VTB Capital Private Equity, all of whom are committed to
maintaining high standards of corporate governance. Lenta is listed
and trades on the London Stock Exchange under the tickers 'LNTA'
and 'LNTR' and on the Moscow Exchange under the ticker 'LNTA'.
******
Information contained herein is not an offer, or an invitation
to make offers, to sell, purchase, exchange or otherwise transfer
securities in the Russian Federation to or for the benefit of any
Russian person or entity, except to the extent permitted under
Russian securities laws. This document is not an advertisement in
connection with the "placement" or "public circulation" (as both
terms are defined under Russian securities law) of any securities
and securities are not intended for "placement" or "public
circulation" in the Russian Federation, in each case unless
otherwise permitted under Russian securities laws. Neither
securities nor a prospectus relating to such securities has been or
will be registered with the Central Bank of Russia.
This document may include statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements may be identified by the use of forward-looking
terminology, including the terms "believes", "estimates", "plans",
"projects", "anticipates", "expects", "intends", "may", "will" or
"should" or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. By their very
nature, forward looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that the
predictions, forecasts, projections and other forward looking
statements will not be achieved. As a result, actual future results
may differ materially from the plans, goals and expectations set
out in these forward-looking statements. Given these risks and
uncertainties, you are cautioned not to place undue reliance on
such forward-looking statements.
Any forward-looking statements made by or on behalf of Lenta
speak only as at the date of this announcement. Subject to its
legal and regulatory obligations, neither the Company, nor any of
its agents, employees or advisors intends or has any duty or
obligation to supplement, amend, update or revise any of the
forward looking statements contained in this document to reflect
any change in expectations with regard thereto or any change in
events, conditions or circumstances on which any statement is
based.
In no circumstances shall the provision of this document imply
that no negative change may occur in the business of the Company
after the date of provision of this document, or any date of
amendment and/or addition thereto.
(1) FTE (full-time equivalent). Average FTE for 2014 was 27,200
employees.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEPKADKABKDNNB
Lenta IPJSC (LSE:LNTA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Lenta IPJSC (LSE:LNTA)
Historical Stock Chart
From Oct 2023 to Oct 2024