Lenta International PJSC Lenta Announces Board Decision (3703S)
November 15 2021 - 9:00AM
UK Regulatory
TIDMLNTR TIDMLNTA
RNS Number : 3703S
Lenta International PJSC
15 November 2021
Press Release | St. Petersburg | 15 November 2021
Lenta Announces Board Decision
St. Petersburg, Russia, 15 November 2021: Lenta IPJSC (MOEX
& LSE: LNTA), one of the largest multi-format retail chains in
Russia, announces the decisions made at a meeting of its board of
directors (the "Board") held
on 12 November 2021.
In continuation of the Company's redomiciliation from Cyprus to
the Russian Federation and for the purpose of aligning of the
Company's corporate governance system with the requirements of the
Company's Articles of Association and the Corporate Governance Code
approved by the Board of Directors of the Bank of Russia on March
21, 2014, the Board approved the Company's Dividend Policy, as well
as Regulations on Board's committees, and formally documented the
Internal Audit Charter and Regulations on the Corporate Secretary
of the Company.
The above regulations and policies will shortly be uploaded to
the Lenta's website at
http://www.lentainvestor.com/en/about/corporate-governance/internal-policies
.
The Board also appointed Dmitry Petrov to the position of
Company's Internal Audit Director.
For further information, please visit www.lentainvestor.com or
contact:
Lenta Lenta
Tatyana Vlasova Mariya Filippova
Head of Investor Relations Head of Public Relations
tatyana.vlasova@lenta.com and Government Affairs
maria.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).
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