REG-O'KEY Group S.A. O'KEY Group S.A.: O'KEY Group announces key appointments of the third quarter 2019

O'Key SAAnnouncement

14/10/2019 14:50

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   O'KEY Group S.A. (OKEY)
   O'KEY Group S.A.: O'KEY Group announces key appointments of the third
   quarter 2019

   14-Oct-2019 / 15:45 CET/CEST
   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   Press release

   14 October 2019

    

    

    

        O'KEY GROUP ANNOUNCES KEY APPOINTMENTS OF THE THIRD QUARTER 2019

                                        

   O'KEY Group S.A. (LSE: OKEY; RAEX -  'ruA-'), one of  the leading  Russian
   food retailers, announces  the key appointments  in top management  during
   the third quarter. A new Marketing Director and Real Estate Director  were
   appointed. They report directly to the Group's CEO Armin Burger.

    

   All  materials   published   by   the   Group   are   available   on   its
   website  1 www.okeygroup.lu.
    

    

   Appointment of Olga Surnina as Marketing Director

    

   Olga Surnina was appointed as Marketing Director as of 15 August 2019. She
   is responsible for all marketing activities within the Company.

    

   Ms Surnina has 20 years of experience  in marketing and communications  as
   well as  brand and  private label  development. At  the beginning  of  her
   career, she  was a  marketing manager  at global  FMCG companies  such  as
   Procter & Gamble and Henkel. In 2010, Olga took the position of  Marketing
   Director at Nokia International,  South CIS. She  led the development  and
   implementation of market strategies in the region and was responsible  for
   corporate and brand image building.

    

   From 2016 to 2018, Olga  held various leadership positions in  operational
   marketing at Magnit. She was the  Head of the Promotion Planning  division
   and was responsible  for developing and  implementing marketing plans  for
   all chain formats: hypermarkets,  supermarkets, and discounters. She  then
   took the  position of  Head of  Private Label  Own Production  at  Magnit.
   There, she was responsible for developing the assortment and launching new
   private-label   products   and   brands   as   well   as   managing    new
   traffic-generation programs  for the  chain's Fresh  category and  private
   labels.

    

   Olga Surnina received a Master's degree in economics from KIMEP University
   (Almaty).

    

   Appointment of Tatyana Bukanova as Real Estate Director

    

   Tatyana Bukanova was appointed  as Real  Estate Director  as of  2 October
   2019. She is  responsible for  all matters  relating to  the Group's  real
   estate, including expansion,  construction, maintenance,  and lease  while
   also managing the Non-Commercial Purchasing Department.

    

   Tatyana Bukanova began her career in 1996 as Head of Legal and  Compliance
   at Credit Suisse  First Boston. In  1999, she became  General Director  of
   Cable and  Wireless CIS. From  2008  to 2009,  Tatyana was  the  Associate
   General Counsel at Alshaya Group, which operates Starbucks, Mothercare and
   Next. Prior  to  joining O'KEY,  Tatyana  was an  executive  manager  with
   IKEA Russia for over  seven years. She  managed all the  legal aspects  of
   IKEA's  business  in  Russia  and  was  responsible  for  shopping  center
   management and a wide range of real estate matters, including lease,  land
   acquisition, construction, and operation.

    

   Tatyana  Bukanova   graduated  from   the   Moscow  State   Institute   of
   International Relations (MGIMO) with a degree in international law.

    

    

    

   OVERVIEW

   O'KEY Group  S.A.  (LSE: OKEY,  RAEX -  'ruA-') operates  under  two  main
   formats: hypermarkets under the O'KEY brand and discounters under the  DA!
   brand.

   As at 14  October 2019, the  Group operates 166  stores across Russia  (78
   hypermarkets and 88 discounters). The  Group opened its first  hypermarket
   in St. Petersburg in  2002 and has  since demonstrated continuous  growth.
   O'KEY is the  first among Russian  food retailers to  launch and  actively
   develop e-commerce  operations in  St. Petersburg and  Moscow, offering  a
   full range of hypermarket products  for home delivery. The Group  operates
   six e-commerce pick-up points in Moscow and six e-commerce pick-up  points
   in St. Petersburg. The Group operates four distribution centres across the
   Russian Federation -  two  in Moscow  and  two in  St. Petersburg.  As  at
   31 December 2018 the Group employs more than 20,000 people.

   For the full year 2018, revenue totalled RUB 161,303,411 thousand,  EBITDA
   reached RUB 8,644,008 thousand, and  net loss for  the period amounted  to
   RUB 599,755 thousand.

   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:

    

   Alla Golovatenko

   PR-manager

   +7 495 663 6677 ext. 496

    2 alla.golovatenko@okmarket.ru

    3 www.okmarket.ru

    

    

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   ISIN:          US6708662019
   Category Code: MSCM
   TIDM:          OKEY
   LEI Code:      213800133YYU23T4L791
   Sequence No.:  23348
   EQS News ID:   889869


    
   End of Announcement EQS News Service

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