REG - X5 Retail Group N.V - X5 starts process to appoint new depositary

X5 Retail NVAnnouncement

19/09/2024 08:30

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RNS Number : 8599E  X5 Retail Group N.V.  19 September 2024

X5 Retail Group N.V. announces that it has started the process of appointing a
new depositary

 

Amsterdam, 19 September 2024 - X5 Retail Group N.V. (the "Company", LSE and
MOEX ticker: FIVE) announces the commencement of the process to appoint a new
depositary for the Company's Global Depositary Receipts ("GDRs") programme.

 

Following the resignation notice of The Bank of New York Mellon ("BNY") as the
current depositary, the Company notified BNY of its intention to appoint
Stichting STAK X5 Retail Group as successor depositary. Stichting STAK X5
Retail Group ("STAK") is a Dutch legal entity incorporated by the Company to
act as 'Administration Office' for the continuation of its depositary receipts
programme.

 

The appointment shall take place following the cancellation of the Company's
GDRs from the official list of the UK Financial Conduct Authority ("FCA") and
the cancellation of the admission to trading of the GDRs on the main market
for listed securities of the London Stock Exchange. Both cancellations are
expected to take effect, at the earliest, on 1 October 2024.

 

The transition process from BNY to STAK is expected to be completed by
ultimately 18 December 2024. The Company shall continue to inform GDR holders
during the transition process with further updates as necessary.

 

Further to the expected share distribution in the capital of X5 Corporate
Centre ("X5CC") in Russia to both the Russian shareholders of the Company and
non-Russian shareholders of the Company that have opted to take shares in X5CC
(together, "X5CC Shareholders"), the Company and STAK are preparing to
distinguish between X5CC Shareholders and shareholders (depositary receipt
holders) of the Company that have not taken or will not take shares in X5CC
("NV Only Shareholders/DR holders"). After the distribution of shares by X5CC
to X5CC Shareholders, the Company and STAK will consider NV Only
Shareholders/DR Holders as the only Shareholders/DR Holders to be eligible to
exercise the rights that are attached to the shares/depositary receipts in the
Company, since the X5CC Shareholders will take a financial/voting interest in
X5CC. Both the Company and STAK will subsequently act exclusively in the
interest of the NV Only Shareholders/DR Holders.

 

For more information, please contact:

 

X5 Retail Group N.V.

Tel: +31 (0)85 7730085

Email: info@x5.com (mailto:info@x5.com)

www.x5.com

 

Cautionary notice

The information contained within this announcement is considered by the
Company to constitute inside information pursuant to the EU Market Abuse
Regulation (No. 596/2014), also forming part of UK law by virtue of the
European Union (Withdrawal) Act 2018. Upon publication of this announcement
via a Regulatory Information Service, this inside information will be
considered to be in the public domain.

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 Retail Group N.V.
speak only as of the date of this announcement. Save as required by any
applicable laws or regulations, X5 Retail 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.

 

For further contact: info@x5.com

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