REG-Fix Price Group PLC Fix Price Group PLC: FIX PRICE NOTIFIES ITS SHAREHOLDERS THAT IT HAS RECEIVED A RESIGNATION NOTICE FROM THE DEPOSITARY BANK

Fix PriceAnnouncement

14/06/2024 17:45

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   Fix Price Group PLC (FIXP)
   Fix Price Group PLC: FIX PRICE NOTIFIES ITS SHAREHOLDERS THAT IT HAS
   RECEIVED A RESIGNATION NOTICE FROM THE DEPOSITARY BANK

   14-Jun-2024 / 19:30 MSK

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   Fix Price notifies its shareholders that it has received a resignation
   notice from the depositary bank

    

   14 June 2024, Limassol, Cyprus – Fix Price Group PLC (LSE and MOEX:  FIXP,
   AIX: FIXP.Y,  “Fix Price”,  the  “Company” or  the  “Group”), one  of  the
   leading variety  value  retailers  globally and  the  largest  in  Russia,
   notifies its shareholders that it  has received a resignation notice  from
   the depositary bank, the Bank of  New York Mellon (hereinafter “BNY”),  in
   respect  to  the  Group’s   global  depositary  receipts  (GDRs)   program
   (Regulation S, ISIN: US33835G2057; 144 A, ISIN: US33835G1067).

   The resignation notice does not imply the immediate termination of the GDR
   program. BNY currently remains the  depositary bank for the Group’s  GDRs.
   BNY gave the Company until 19 August 2024 to appoint a potential successor
   depositary bank.  In case  such a  successor is  not appointed,  BNY  will
   terminate the program no sooner  than 90 days from  the date of notice  to
   GDR holders of such termination.

   The Company is currently assessing the implications of BNY’s  resignation,
   including the  ones  for the  listing  of the  GDRs  on the  London  Stock
   Exchange, Astana International Exchange and  the Moscow Exchange, as  well
   as  actively  exploring  possible  options.  Fix  Price  remains  strongly
   committed to protecting the rights and  ensuring the interests of all  its
   shareholders. The Company will  announce its decisions  made in regard  to
   this matter in due course.

    

    

    

   About the Company

   Fix Price (LSE and  MOEX: FIXP, AIX: FIXP.Y),  one of the leading  variety
   value retailers globally and the largest  in Russia, has been helping  its
   customers save money every day since 2007. Fix Price offers its  customers
   a unique and  constantly updated assortment  of non-food goods,  including
   personal care and household  products, and food items  at low fixed  price
   points.

   As of 31 March 2024,  Fix Price was operating  6,545 stores in Russia  and
   neighbouring countries,  all of  them  stocking approximately  2,000  SKUs
   across around 20 product  categories. As well as  its own private  brands,
   Fix Price  sells products  from  leading global  names and  smaller  local
   suppliers. As of 31 March 2024, the Company was operating 13 DCs  covering
   81 regions of Russia and 8 neighbouring countries.

   In 2023, the Company recorded revenue of RUB 291.9 billion, EBITDA of  RUB
   53.1 billion and net profit of RUB 35.7 billion, in accordance with IFRS.
                Fix Price Investor Relations     Fix Price Media Relations
   Contacts     Elena Mironova                   Ekaterina Goncharova

                 1 ir@fix-price.com               2 pr@fix-price.ru  

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          US33835G2057
   Category Code: MSCH
   TIDM:          FIXP
   LEI Code:      549300EXJV1RPGZNH608
   Sequence No.:  328174
   EQS News ID:   1925915


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@fix-price.com
   2. mailto:pr@fix-price.ru


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