Lenta Discontinues Disclosure via Primary Information Provider
April 25 2023 - 4:00AM
UK Regulatory
Lenta IPJSC (LNTA;LENT) Lenta Discontinues Disclosure via
Primary Information Provider 25-Apr-2023 / 11:00 CET/CEST The
issuer is solely responsible for the content of this
announcement.
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Press Release | St. Petersburg | 25 April 2023
Lenta Discontinues Disclosure via Primary Information
Provider
St. Petersburg, Russia, 25 April 2023: Lenta IPJSC (MOEX: LENT;
LSE: LNTA) (Lenta or the Company) announces that the regulatory
news service provider engaged by the Company for the purposes of
regulatory information disclosure pursuant to the UK Market Abuse
Regulation ("UK MAR") and the Admission and Disclosure Standards of
the London Stock Exchange (the "Standards"), will cease to service
companies incorporated in Russia, including Lenta. Having found no
alternative provider, starting from 26 April 2023, the Company will
cease to release regulatory information or publish other
information in the manner and following the procedures required by
UK MAR and the Standards.
As previously announced on 31 March 2023, the Company notified
Deutsche Bank Trust Company Americas of termination of the deposit
agreement relating to global depositary receipts issued in
accordance with Regulation S and Rule 144A and representing Lenta's
ordinary shares (ISIN: US52634T2006 and US52634T1016, respectively)
(GDRs) and submitted a request to the Financial Conduct Authority
(FCA) to cancel the listing of GDRs on the Official List of the
FCA, as well as the request to the London Stock Exchange (LSE) to
cancel the admission of GDRs to trading on the Main Market of the
LSE, with effect from 4 May 2023. Please follow the link to find
the full text of this announcement https://
corp.lenta.com/en/media/news-and-press-releases/
lenta-announces-its-intention-to-cancel-the-listing-of-global-depositary-receipts-on-the-london-stock-exchange-31-03-23
The Company will continue to disclose regulatory information,
including information about the upcoming cancelation of the listing
of Lenta's GDRs on the London Stock Exchange and the termination of
the depository program to be published by the Company, on the
corporate website (https://corp.lenta.com/en/) and the official
webpage of Lenta IPJSC on Russian Corporate Disclosure Center
Interfax
(https://www.e-disclosure.ru/portal/company.aspx?id=38380&attempt=1).
Lenta encourages GDR holders to contact Deutsche Bank Trust
Company Americas directly, in accordance with the procedure
provided for in the relevant Terms and Conditions of the GDRs, to
discuss with Deutsche Bank Trust Company Americas possible options
for exercising their rights, including the rights to convert the
GDRs into ordinary shares of Lenta. For further details on the
cancellation and/or conversion procedure please contact Deutsche
Bank Trust Company Americas (adr@db.com).
For further information, please contact:
Lenta Lenta
Tatyana Vlasova Mariya Filippova
Head of Investor Relations Head of Public Relations and Government Affairs
tatyana.vlasova@lenta.com maria.filippova@lenta.com About Lenta Lenta IPJSC (LSE: LNTA, MOEX: LENT) is a leading Russian multi-format food and FMCG retailer. The company operates hypermarkets, supermarkets, and recently launched a new proximity store format under the brand Mini Lenta. It also provides customers the option to shop online via its own Lenta Online services, Online Partners and the Utkonos platform. Lenta is Russia's largest hypermarket operator and the fourth largest food retailer overall by Sales. The company was founded in 1993 in St. Petersburg and as of 31 March 2023, operated 259 hypermarkets and 568 supermarkets and Lenta Mini stores in over 200 cities and towns across Russia, with almost 1.79 million square meters of Selling Space. The average Lenta hypermarket has approximately 5,500 square meters of Selling Space, the average Lenta supermarket has 800 square meters, and the Mini Lenta format is 500 meters on average. The company operates 14 distribution centers to supply all its stores. 2022 Revenues were RUB 537 billion (approximately USD 7.6 billion).
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by EquityStory RS. The issuer is solely responsible for
the content of this announcement.
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ISIN: US52634T2006, US52634T1016
Category Code: MSCH
TIDM: LNTA;LENT
LEI Code: 213800OMCE8QATH73N15
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 239156
News ID: 1615753
End of Announcement EquityStory RS News Service
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April 25, 2023 05:00 ET (09:00 GMT)
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