REG - X5 Retail Group N.V - X5 Group announces results of EGM

X5 Retail NVAnnouncement

27/03/2024 16:15

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RNS Number : 5727I  X5 Retail Group N.V.  27 March 2024

 

X5 GROUP ANNOUNCES RESULTS OF EGM

Amsterdam, 27 March 2024 - X5 Retail Group N.V. ("X5" or the "Company", LSE
and MOEX ticker: FIVE), a leading Russian food retailer that operates the
Pyaterochka, Perekrestok and Chizhik retail chains, today held its
Extraordinary General Meeting of Shareholders (the "EGM").

Shareholders and holders of global depository receipts adopted all proposals
on the agenda, including, in particular:

·      Appointment of Julia Solovieva, Azer Talybov and Alexey Kornya as
members of the Supervisory Board;

·      Amendment of the remuneration policy for members of the
Management Board.

The voting results of the meeting can be found in the Corporate Governance
section of the Company's website at:
https://www.x5.ru/en/about/general-meeting-of-shareholders/
(https://www.x5.ru/en/about/general-meeting-of-shareholders/)

Additionally, in order to develop the X5 corporate governance system, the
Supervisory Board decided to appoint Julia Solovieva, Azer Talybov and Alexey
Kornya as members of the Board of Directors at the level of X5 Corporate
Centre LLC. This Board was established in February 2024 and is composed of the
six current members of the Supervisory Board of X5 Retail Group N.V.

 

 

 

 

 

 

 

 

 

X5 Retail Group N.V. (LSE and MOEX: FIVE; Expert RA - ruAAA; ACRA - AAA(RU))
is a leading Russian food retailer. The Company operates proximity stores
under the Pyaterochka brand, Perekrestok supermarkets and Chizhik hard
discounters. X5 provides an omnichannel experience to its customers,
integrating retail stores and e-commerce through its businesses Vprok.ru,
5Post and Mnogo Lososya.

As of 31 December 2023, X5 had 24,472 Company-operated stores. It has the
leading market position in both Moscow and St Petersburg and a significant
presence in the European part of Russia, as well as a growing presence in the
Russian Far East. Its store base includes 21,308 Pyaterochka proximity stores,
972 Perekrestok supermarkets, 1,500 Chizhik hard discounters and 610 Krasny
Yar and Slata stores. The Company operates 62 DCs and 5,344 Company-owned
trucks across the Russian Federation.

X5 is one of the largest employers in Russia. The Company employs over 372
thousand people.

For the full year 2023, revenue totalled RUB 3,145,859 million (USD 36,903
million*), EBITDA pre-IFRS 16 reached RUB 214,764 million (USD 2,519
million*), and net profit pre-IFRS 16 for the period amounted to RUB 90,284
million (USD 1,059 million*).

Forward-looking statements

This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the fact that they do not only relate to historical or current
events. Forward-looking statements often use words such as "anticipate",
"target", "expect", "estimate", "intend", "expected", "plan", "goal",
"believe", or other words of similar meaning.

By their nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances, a number of which are
beyond X5 Group N.V.'s control. As a result, actual future results may differ
materially from the plans, goals and expectations set out in these
forward-looking statements.

Any forward-looking statements made by or on behalf of X5 Group N.V. speak
only as of the date of this announcement. Save as required by any applicable
laws or regulations, X5 Group N.V. undertakes no obligation publicly to
release the results of any revisions to any forward-looking statements in this
document that may occur due to any change in its expectations or to reflect
events or circumstances after the date of this document.

* FX rate: 85.2466 USD/RUB

 

 For further details please contact:
 Polina Ugryumova                                                 Maria Yazeva
 Head of Corporate Finance and IR                                 Investor Relations Officer

Tel.: +7 (495) 662-88-88 ext. 13-312
Tel.: +7 (495) 662-88-88 ext. 13-147

e-mail: Polina.Ugryumova@x5.ru (mailto:Polina.Ugryumova@x5.ru)
e-mail: Maria.Yazeva@x5.ru (mailto:Maria.Yazeva@x5.ru)

 

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