TIDMLNTR TIDMLNTA
RNS Number : 4592P
Lenta PLC
17 February 2021
Lenta Announces Re-domiciliation to Russia
St. Petersburg, Russia, 17 February 2021 : Lenta IPJSC ("Lenta"
or the "Company") (MOEX & LSE: LNTA), one of the largest retail
chains in Russia, announces that its re-domiciliation to the
Russian Federation, as envisioned by the shareholder resolutions
passed at the Extraordinary General Meetings of the Company held on
22 July 2020 and 23 November 2020, has been achieved today, 17
February 2021 (the "Re-domiciliation Date"), with Lenta duly
registered as an international public joint-stock company with its
legal seat at Oktyabrsky Island, City of Kaliningrad, Kaliningrad
Region, Russian Federation. The Company's legal name is, in
Russian, << >> (short form, << >>) and, in
English, Lenta International public joint-stock company (short
form, Lenta IPJSC).
Accordingly, the new Lenta charter, in the form approved at the
Extraordinary General Meeting of the Company held on 23 November
2020, has entered into force. Its text is available at:
www.lentainvestor.com/egm
In respect of Lenta's securities, its global depositary receipts
("GDRs") continue to be admitted to trading on the London Stock
Exchange and the Moscow Stock Exchange and to trade in the normal
course. As for its shares, in accordance with the applicable
Russian laws and regulations, all its existing shares are now
recognized as having been issued by Lenta IPJSC (such that the
holders of shares that were issued by Lenta PLC now, by operation
of law, hold an equal number of shares issued by Lenta IPJSC). The
Company has registered a prospectus in respect of the shares with
the Central Bank of Russia, which is available at
https://www.e-disclosure.ru/portal/FileLoad.ashx?Fileid=1681621
Lenta is seeking to list its shares on the Moscow Exchange
("MOEX"), which is currently expected to occur in first half of
2021, after which time (i) there will be a dual trading of GDRs and
shares of Lenta for an interim period which is expected to be
approximately two months and then (ii) GDRs will be delisted and
will no longer trade on MOEX (while continuing to trade on the
London Stock Exchange).
Lenta's shareholders' register is now administered by Limited
Liability Company "Partner", a legal entity registered under the
laws of Russia. Shares traded on MOEX will be registered to the
account of the National Settlement Depositary ("NSD") (the central
share depositary in Russia). In respect of the GDRs, the GDR
depositary Deutsche Bank Trust Company Americas has appointed AO
Raiffeisenbank, a bank organised under the laws of Russia, as its
share custodian, who in turn is to hold shares registered with NSD.
To take into account the changes arising from the re-domiciliation,
the deposit agreement between the Company and the depositary has
been amended and restated, effective on the Re-domiciliation
Date.
Reflecting the change in its corporate status, from the
Re-domiciliation Date the Company is making disclosure mandated
under Russian law using the portal
https://www.e-disclosure.ru/portal/company.aspx?id=38380 (such that
the portal https://e-disclosure.ru/portal/company.aspx?id=34238
will no longer be used for such purpose) as well as using
www.lentainvestor.com
In connection with the re-domiciliation, Lenta has disposed of
120 GDRs (representing 24 shares), which it held in treasury,
through an open market transaction. As of the date hereof, Lenta
has 96,675,410 Shares issued and outstanding and eligible to vote
at a shareholders' meeting (including Shares in respect of which
GDRs have been issued).
Investors and prospective investors may seek to consult with
their legal, financial, tax and strategic advisers regarding the
re-domiciliation.
For further information, please visit www.lentainvestor.com or
contact:
Lenta Lenta
Mariya Filippova Timothy Post
Head of Public Relations and Government Investor Relations Officer
Affairs timothy.post@lenta.com
maria.filippova@lenta.com
EM (International Media Inquiries)
Lenta@em-comms.com
About Lenta
Lenta is the largest hypermarket chain in the Russian Federation
and the fourth largest food retailer. The Company was founded in
1993 in St. Petersburg and as of December 31, 2020 operated 254
hypermarkets and 139 supermarkets in 88 cities across Russia with
more than 1.5 million square meters of Selling Space. The average
Lenta hypermarket has approximately 5,500 square meters of selling
space, while the Lenta supermarket averages 800 square meters. The
company operates 13 distribution centers throughout Russia. Lenta
is listed on both the London Stock Exchange and Moscow Exchange,
trading under the ticker: 'LNTA'.
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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END
MSCUBVURARUUAAR
(END) Dow Jones Newswires
February 17, 2021 07:53 ET (12:53 GMT)
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