Lenta Ltd. (LNTA;LNTR)
Redomiciliation and change in depositary have become effective
21-Feb-2020 / 14:15 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
LENTA ANNOUNCES REDOMICILIATION AND CHANGE IN DEPOSITARY
HAVE BECOME EFFECTIVE
St. Petersburg, Russia; 21 February 2020 - Lenta PLC ("Lenta" or the
"Company"), one of the largest retail chains in Russia, today announces that
the continuance of the Company into Cyprus (the "Redomiciliation") and a
change in the depositary appointed in connection with the Company's global
depositary receipt programme (the "GDR Programme") have become effective.
This announcement should be read in conjunction with the Company's
announcement of 8 January 2020 in relation to the Redomiciliation and change
in depositary (the "Previous Announcement").
Redomiciliation
Further to the Company's application to the Department of Registrar of
Companies and Official Receiver (the "DRCOR") for continuance of the
Company's incorporation into Cyprus, the DRCOR today issued the Company with
a certificate of temporary registration in Cyprus.
As a result of the Redomiciliation becoming effective, the Company is now
named Lenta PLC, a public limited liability company incorporated under the
laws of Cyprus, registered at 6 Karaiskaki Street, City House, 3032
Limassol, Cyprus. The Company's corporate secretary is Crystalserve
Secretarial Limited.
The Company's GDRs continue to be admitted to trading on the London Stock
Exchange and the Moscow Exchange (with no change to their ISINs) and to the
Official List of the UK Financial Conduct Authority. The terms and
conditions of the Company's GDRs remain governed by English law and the
Redomiciliation has not resulted in any changes to the rights attaching to
them.
In connection with the Redomiciliation becoming effective, the Company has
adopted a new memorandum and articles of association (which may be viewed on
the Company's website (www.lentainvestor.com [1]) and entered into a new
deposit agreement (the "New Deposit Agreement").
Further information regarding the status of the Company following the
Redomiciliation may be found in the Previous Announcement.
To make the Redomiciliation permanent, the Company intends to apply to the
Registry of Corporate Affairs in the British Virgin Islands for a
certificate of discontinuance of the Company in the British Virgin Islands
and, thereafter, to the DRCOR for a permanent certificate of incorporation
in Cyprus.
Change of depositary
Deutsche Bank Luxembourg S.A. today ceases to be the depositary under the
GDR Programme. Pursuant to the New Deposit Agreement, its affiliate Deutsche
Bank Trust Company Americas (the "New Depositary") has today become the
depositary under the GDR Programme.
In accordance with rule 18.4.5 R of the listing rules of the UK Financial
Conduct Authority, the Company sets out below key information regarding the
New Depositary:
NAME: Deutsche Bank Trust Company Americas
REGISTERED OFFICE: 60 Wall Street, New York, NY 10005, USA
PRINCIPAL ADMINISTRATIVE ESTABLISHMENT: Same as registered office
DATE OF INCORPORATION: 24 March 1903
CORPORATE LIFESPAN: Indefinite
OPERATIVE LEGISLATION: The New York Banking Law
LEGAL FORM: State-chartered New York banking corporation
Other than as set out in this announcement and the Previous Announcement,
there has been no change to the information regarding the Company's GDRs.
About Lenta
Lenta is the largest hypermarket chain in Russia and the country's
fourth-largest retail chain. The Company was founded in 1993 in St.
Petersburg. Lenta operates 249 hypermarkets in 88 cities across Russia and
131 supermarkets in Moscow, St. Petersburg, and the Siberia, Urals and
Central regions, with a total of approximately 1,489,497 sq.m. of selling
space. The average Lenta hypermarket store has selling space of
approximately 5,500 sq.m. The average Lenta supermarket store has selling
space of approximately 840 sq.m. The Company operates 12 distribution
centers.
The Company's price-led hypermarket formats are differentiated in terms of
their promotion and pricing strategies as well as their local product
assortment. The Company employed approximately 48,391 people as of 31
??????? 2019.
The Company's management team combines a mix of local knowledge and
international expertise coupled with extensive operational experience in
Russia. Lenta's largest shareholders include Severgroup, which is committed
to maintaining high standards of corporate governance. Lenta is listed on
the London Stock Exchange and on the Moscow Exchange and trades under the
ticker: 'LNTA'
A brief video summary on Lenta's business and its Big Data initiative can be
seen here [2].
- For further information please visit www.lentainvestor.com [1], or
contact:
?
? Lenta Russian Media:
? Mariya Filippova
? Public Relations and Government NW Advisors
Affairs Director
? Tel: +7 812 380-61-31 ext.:
1892 Victoria Afonina
? E-mail:
maria.filippova@lenta.com
?el:+7 495 795 06 23
E-mail: lenta@nwadvisors.com
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
at the date of this announcement. Save 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.
ISIN: US52634T2006, US52634T1016
Category Code: MSCH
TIDM: LNTA;LNTR
LEI Code: 213800OMCE8QATH73N15
OAM Categories: 2.1. Home Member State
3.1. Additional regulated information required to be
disclosed under the laws of a Member State
Sequence No.: 48148
EQS News ID: 981063
End of Announcement EQS News Service
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(END) Dow Jones Newswires
February 21, 2020 08:15 ET (13:15 GMT)
