DJ O'KEY GROUP'S BOARD OF DIRECTORS APPROVES GDR LISTING ON MOSCOW EXCHANGE
O'KEY Group S.A. (OKEY)
O'KEY GROUP'S BOARD OF DIRECTORS APPROVES GDR LISTING ON MOSCOW EXCHANGE
09-Nov-2020 / 13:00 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Press release
9 November 2020
O'KEY GROUP'S BOARD OF DIRECTORS APPROVES GDR LISTING ON MOSCOW EXCHANGE
O'KEY Group S.A. (LSE: OKEY, the "Group" or the "Company"), one of Russia's
leading food retailers, today announces that its Board of Directors has
approved the Group's intention to apply for a listing of O'KEY's global
depositary receipts ("GDRs") on Moscow Exchange.
All materials published by the Group are available on its website,
okeygroup.lu. [1]
O'KEY expects its GDRs to begin trading in Moscow in December 2020. The
Group will continue to maintain its primary listing on the London Stock
Exchange, where O'KEY's GDRs have traded since 2009.
Armin Burger, CEO of O'KEY Group, said:
"In recent years, the Group has created a competitive retail portfolio based
on modern hypermarkets O'KEY and discounters DA!. Our well-established
market position, combined with a resilient and flexible business model,
enables us to continue growing the business and delivering cash returns to
shareholders even amid the unprecedented challenges of this year. The
management team has initiated a MOEX listing to provide access to O'KEY's
GDRs to a wider range of investors, and believes that this step will
contribute to unlocking additional value for shareholders. Management sees
significant potential for further growth, which we believe will be reflected
in the Group's performance and as a result in its market capitalisation."
Heigo Kera, Chairman of the Board of Directors of O'KEY Group, commented:
"Listing on Moscow Exchange is designed to significantly strengthen O'KEY's
positioning and boost the liquidity of O'KEY's traded securities. The Group
continues to enhance its market presence in Russia with a particular focus
on Moscow and St Petersburg, and is committed to build on its track record
in order to grow its market capitalisation and strengthen its investment
case."
OVERVIEW
O'KEY Group S.A. (LSE: OKEY, RAEX - 'ruA-') is one of the leading grocery
retailers in Russia, operating hypermarkets under the O'KEY brand and
discounters under the DA! brand.
As of September 30, 2020, the Group operated 182 stores across Russia (77
hypermarkets and 105 discounters) with total selling space of 591,352 square
meters. The company opened its first hypermarket in St. Petersburg in 2002
and has since demonstrated continuous growth. O'KEY was the first Russian
food retailer to launch e-commerce operations in St. Petersburg and Moscow,
offering a full range of hypermarket products for home delivery. The Group
has six e-commerce pick-up points in Moscow and six e-commerce pick-up
points in St. Petersburg. In 2015, the Group launched the first discount
chain in Russia under the DA! brand. The Group operates four distribution
centres in Russia - two in Moscow and two in St. Petersburg. The Group
employs more than 20,000 people.
In 2019, Group's revenue totalled RUB 165.1 billion, while EBITDA reached
RUB 14.1 billion and net income climbed to RUB 747 million.
The O'KEY shareholder structure is as follows: NISEMAX Co Ltd - 44.79%, GSU
Ltd - 29.52%, free float - 25.69%.
DISCLAIMER
These materials contain statements about future events and expectations that
are forward-looking statements. These statements typically contain words
such as 'expects' and 'anticipates' and words of similar import. Any
statement in these materials that is not a statement of historical fact is a
forward-looking statement that involves known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.
None of the future projections, expectations, estimates or prospects in this
announcement should be taken as forecasts or promises nor should they be
taken as implying any indication, assurance or guarantee that the
assumptions on which such future projections, expectations, estimates or
prospects have been prepared are correct or exhaustive or, in the case of
the assumptions, fully stated in this announcement. We assume no obligations
to update the forward-looking statements contained herein to reflect actual
results, changes in assumptions or changes in factors affecting these
statements.
For further information please contact:
For investors
Natalya Belyavskaya
Head of Investor Relations
+7 495 663 6677 ext. 266
Natalya.Belyavskaya@okmarket.ru
www.okeygroup.lu
For media
Peter Morley
EM Communications
+43 676 684 5252
morley@em-comms.com
ISIN: US6708662019
Category Code: MSCH
TIDM: OKEY
LEI Code: 213800133YYU23T4L791
Sequence No.: 87476
EQS News ID: 1146548
End of Announcement EQS News Service
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(END) Dow Jones Newswires
November 09, 2020 07:00 ET (12:00 GMT)
