Lenta International PJSC Lenta Announces the Holding of the BoD Meeting (0462C)

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RNS Number : 0462C

Lenta International PJSC

17 February 2022

Press Release | St. Petersburg | 17 February 2022

Lenta Announces the Holding of the Board of Directors Meeting

St. Petersburg, Russia, 17 February 2022: Lenta IPJSC (LSE: LNTA, MOEX: LNTA & LENT), one of the largest multi-format retail chains in Russia, today announces the holding of the Board of Directors meeting on 18 February 2022.

The agenda of the meeting includes, among others, the following items:

   1.    Performance review: 
   a.    Financing update. 
   b.    FY 2021 performance results, January 2022 performance results and Full Year 2022 forecast. 
   2.    2021 Financial Statements approval. 
   3.    Approval of 2021 Annual Report. 
   4.    Discussion of AGM preparations. 
   5.    Approval of ESG KPIs. 
   6.    Discussion on the realization of main directions of activity. 
   7.    Report from Board Committees: 
   a.   Chairman of Remuneration committee 
   b.   Chairman of Nomination committee 
   c.    Chairman of Audit committee 
   d.   Chairman of Operation and Capex committee 
   8.    Any other business: 
   a.   Approval of Security Policy of Standalone Subdivisions of LENTA LLC

b. Approval of amendments to Lenta policy on compliance with the UK's market abuse regulation (MAR)

   c.    Approval of amendments to Code on dealing in securities 
   d.   Approval of reorganization of "Novy Impuls-50" LLC in the form of merger with LLC "Lenta" 
   e.   Appointment of Corporate Secretary of the Company 
   f.    Delegation of the matter referred to the Company's Board of directors to its general director 
   g.   Board external evaluation results

For further information, please contact:

 
 Lenta                         Lenta 
  Tatyana Vlasova               Mariya Filippova 
  Head of Investor Relations    Head of Public Relations and 
  tatyana.vlasova@lenta.com     Government Affairs 
                                maria.filippova@lenta.com 
 EM (International Media Inquiries) 
  Lenta@em-comms.com

About Lenta

Lenta IPJSC (LSE: LNTA, MOEX: LNTA, LENT) 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 December 31, 2021, operated 254 hypermarkets and 503 supermarkets and convenience stores in 89 cities across Russia with more than 1.75 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. 2021 Revenues were RUB 484 billion (approximately USD 6.5 billion).

Forward-Looking Statements

This announcement includes statements that are, or may be deemed to be, "forward-looking statements." These forward-looking statements can be identified by the fact that they do not only relate to historical or current events. Forward-looking statements often use words such as "anticipate," "target," "expect," "estimate," "intend, " "expected," "plan," "goal," "believe," or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances, a number of which are beyond Lenta's control. As a result, actual future results may differ materially from the plans, goals, and expectations set out in these forward-looking statements. Any forward-looking statements made by or on behalf of Lenta speak only as of the date of this announcement. Except as required by any applicable laws or regulations, Lenta undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this document that may occur due to any change in its expectations or to reflect events or circumstances after the date of this document.

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February 17, 2022 10:50 ET (15:50 GMT)

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