REG-Fix Price Group PLC Fix Price Group PLC: Strategic update for Fix Price investors

Fix PriceAnnouncement

19/07/2024 17:15

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   Fix Price Group PLC (FIXP)
   Fix Price Group PLC: Strategic update for Fix Price investors

   19-Jul-2024 / 19:10 MSK

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   STRATEGIC UPDATE FOR FIX PRICE INVESTORS

    

   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, informs on  the strategic update  for
   Fix  Price  investors,  following  the  announcement  made  today  on  its
   intention to remove  its ISIN  US33835G2057 and  ISIN US33835G1067  global
   depositary receipts, representing interests  in the Company’s shares  (the
   “GDRs”), from the Official List of the UK 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.

   Recently, the  Company  completed  the re-domiciliation  into  the  Astana
   International  Financial  Centre.  The  Company  considered  the   current
   situation on the capital  markets, including the  suspension of the  GDRs’
   admission to trading  on the  LSE on 3  March 2022.  Further, the  Company
   plans to ensure  compliance with  the requirements  applicable to  issuers
   with the GDRs` primary listing on the Astana International Exchange.

   The Company continues  to actively  adapt to changing  environment on  the
   capital markets  and  remains  committed  to  protecting  the  rights  and
   interests of all of its shareholders.  In particular, the Group is in  the
   process of  identifying  the  appropriate options  to  eliminate  the  key
   infrastructure impediments currently faced  by its investors and  minority
   shareholders, regardless of their jurisdiction.

   The Group considers, among other options, the listing of its key operating
   subsidiary and  offering  its  minority  shareholders  an  opportunity  to
   transfer their holdings to such operational subsidiary.

   In addition, Fix Price considers various options allowing the  maintenance
   of the GDR programme  following the receipt of  a resignation notice  from
   its depositary  bank  The  Bank  of New  York  Mellon.  According  to  the
   resignation notice, the Company has until 19 August 2024 to appoint a  new
   depositary bank. At the  moment, the Company is  in the process of  active
   negotiations with the successor depositary.

    

    

   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 Media   EM
             Fix Price Investor    Relations
             Relations
   CONTACTS                        Ekaterina
             Elena Mironova        Goncharova         

              1 ir@fix-price.com   pr@fix-price.com   2 fixprice@em-comms.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.:   335411
   EQS News ID:    1950413


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:ir@fix-price.com
   2. mailto:fixprice@em-comms.com


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