REG-Fix Price Group PLC Fix Price Group Plc announces intended cancellation of GDRs listing on the London Stock Exchange

Fix PriceAnnouncement

19/07/2024 17:00

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   Fix Price Group PLC (FIXP)
   Fix Price Group Plc announces intended cancellation of GDRs listing on the
   London Stock Exchange

   19-Jul-2024 / 19:00 MSK

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   FIX PRICE GROUP PLC ANNOUNCES INTENDED CANCELLATION OF GDRS LISTING ON THE
   LONDON STOCK EXCHANGE

    

   19 July 2024 – Fix  Price (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, today  announces its  intention  to
   remove  its  Regulation  S  (ISIN   US33835G2057)  and  Rule  144A   (ISIN
   US33835G1067) global depositary  receipts, representing  interests in  the
   Company’s shares (the  “GDRs”), from  the Official List  of the  Financial
   Conduct Authority and to cancel the trading of GDRs on the Main Market  of
   the London Stock Exchange with effect from 19 August 2024.

   The Company has recently reassessed the feasibility of the maintenance  of
   listing of the GDRs on the London Stock Exchange and, having regard to the
   suspension of the GDRs’ admission to trading on the London Stock  Exchange
   since 3 March 2022 with no indication of the likely resumption in the near
   term, the Company concluded that the maintenance of such listing is not  a
   strategic priority for the Company.

   The existing listing  of the  Company’s GDRs on  the Astana  International
   Exchange under the symbol “FIXP.Y” is expected to continue.

    

    

   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              pr@fix-price.com

    

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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:  MSCU
   TIDM:           FIXP
   LEI Code:       549300EXJV1RPGZNH608
   OAM Categories: 2.2. Inside information
   Sequence No.:   335410
   EQS News ID:    1950411


    
   End of Announcement EQS News Service

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References

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


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