Lenta International PJSC Lenta Announces Delisting of GDRs from MOEX (0722Z)
January 20 2022 - 5:00AM
UK Regulatory
TIDMLNTR TIDMLNTA
RNS Number : 0722Z
Lenta International PJSC
20 January 2022
Press Release | St. Petersburg | 20 January 2022
Lenta Announces Delisting of GDRs from MOEX
St. Petersburg, Russia, 20 January 2022: Lenta IPJSC (MOEX: LENT
& LNTA, 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 19 April 2022 the global
depositary receipts (ISIN: US52634T2006) ("GDRs") representing
ordinary shares in the Company ("Ordinary Shares") will be excluded
from "Level 1" part of the list of securities admitted to trading
on MOEX and no longer trade on MOEX.
GDRs will continue to be listed and traded on the London Stock
Exchange (ISIN: US52634T2006, LSE: LNTA). As Lenta has previously
announced, the Ordinary Shares have been included in the "Level 1"
part of the list of securities admitted to trading on MOEX (MOEX:
LENT) with the trading on MOEX having commenced from 1 December
2021.
GDR holders who 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 duly
completed documentation to in respect of the cancellation from the
GDR holder (or their broker) no later than 18:00 hours (Moscow
time) on 1 February 2022, after which the fee will revert to the
standard USD 5 cents per GDR fee. The holders of GDRs may find
additional information on the cancellation process 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 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 (MOEX: LENT & LNTA, LSE: 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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