REG-O'KEY Group S.A. O'KEY GROUP'S BOARD OF DIRECTORS APPROVES GDR LISTING ON MOSCOW EXCHANGE

O'Key SAAnnouncement

09/11/2020 12:00

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   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.

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   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,
    1 okeygroup.lu.

    

   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

    2 Natalya.Belyavskaya@okmarket.ru

   www.okeygroup.lu

    

   For media

   Peter Morley

   EM Communications

   +43 676 684 5252

    3 morley@em-comms.com

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   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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    4 fncls.ssp?fn=show_t_gif&application_id=1146548&application_name=news&site_id=reuters8

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=43b6993aeb5b13b359df72daca43f23b&application_id=1146548&site_id=reuters8&application_name=news
   2. mailto:Natalya.Belyavskaya@okmarket.ru
   3. mailto:morley@em-comms.com


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