DJ Fix Price terminates agreement with VTB Capital on buyback programme
Fix Price Group Ltd. (FIXP) Fix Price terminates agreement with VTB Capital on buyback programme 28-Feb-2022 / 10:05 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Fix Price terminates agreement with VTB Capital on buyback programme
28 February 2022 - Fix Price (LSE and MOEX: FIXP, the "Company"), one of the leading variety value retailers globally and the largest in Russia, today announces that it has terminated its agreement with JSC VTB Capital, pursuant to which VTB Capital was managing the purchases under Fix Price's previously announced buyback programme, following the imposition of restrictive measures on VTB Capital's parent company, VTB Bank (PJSC).
Fix Price is currently evaluating its options in relation to the previously announced buyback programme. A further announcement will be made in due course.
About the Company
Fix Price (LSE and MOEX: FIXP), one of the leading variety value retailers globally and the largest in Russia, has helped its customers save money every day since 2007. Fix Price offers its customers a unique and constantly refreshed product assortment of non-food goods, personal care and household products and food items at low fixed price points.
As of 31 December 2021, Fix Price operates 4,904 Fix Price 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. The Company operates 8 DCs covering 79 regions of Russia and 6 countries.
In 2021, the Company recorded revenue of RUB 230.5 billion, EBITDA of RUB 44.2 billion and net profit of RUB 21.4 billion, in accordance with IFRS.
Contacts
Fix Price Investor Relations Fix Price Media Relations Elena Mironova Ekaterina Lukina ir@fix-price.com elukina@fix-price.ru +7 495 902 50 00 (ext. 1918) +7 967 009 32 70 EM Dmitry Zhadan Peter Morley Ekaterina Shatalova zhadan@em-comms.com morley@em-comms.com shatalova@em-comms.com +7 916 770 8909 +43 676 684 5252 +7 915 321 8579
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ISIN: US33835G2057 Category Code: MSCU TIDM: FIXP LEI Code: 549300EXJV1RPGZNH608 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 145546 EQS News ID: 1289361 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
February 28, 2022 02:05 ET (07:05 GMT)