Lenta IPJSC: Lenta Received Permission to Retain its Depositary Receipts Program (1357033)
19 Mayo 2022 - 9:30AM
UK Regulatory
Lenta IPJSC (LNTA;LENT) Lenta IPJSC: Lenta Received Permission
to Retain its Depositary Receipts Program 19-May-2022 / 16:30
CET/CEST Dissemination of a Regulatory Announcement, transmitted by
EQS Group. The issuer is solely responsible for the content of this
announcement.
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Press Release | St. Petersburg | 19 May 2022
Lenta Received Permission to Retain its Depositary Receipts
Program
St. Petersburg, Russia, 19 May 2022: Lenta IPJSC (LSE: LNTA,
MOEX: LENT), one of the largest multi-format retail chains in
Russia, announces that the Government Commission on Control of
Foreign Investments in the Russia Federation (the Commission) has
approved the Company's request to maintain the circulation of its
global depositary receipts (ISIN: US52634T2006, ISIN: US52634T1016)
(the "GDRs") outside of the Russian Federation for a duration of
one year until 13 May 2023.
Lenta has submitted a request to the Commission pursuant to the
Federal Law No. 114-FZ "On Amendments to the Federal Law on
Joint-Stock Companies and Certain Legislative Acts of the Russian
Federation", which came into effect on 27 April 2022 and requires
the Russian issuers to terminate their depositary receipts
programs, with the exceptions provided upon consideration of the
issuers' requests.
The Commission's approval gives the Company time to reconsider
the future of Lenta's depositary receipt program.
For further information, please visit https://corp.lenta.com/ or
contact:
Lenta Lenta
Mariya Filippova
Tatyana Vlasova Head of Public Relations and Government Affairs
Head of Investor Relations maria.filippova@lenta.com
tatyana.vlasova@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 March 31,
2022, operated 254 hypermarkets and 541 supermarkets and
convenience stores in over 200 cities and towns across Russia with
more than 1.77 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).
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ISIN: US52634T2006, US52634T1016
Category Code: MSCH
TIDM: LNTA;LENT
LEI Code: 213800OMCE8QATH73N15
Sequence No.: 162950
EQS News ID: 1357033
End of Announcement EQS News Service
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(END) Dow Jones Newswires
May 19, 2022 10:30 ET (14:30 GMT)
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