Fix Price Group PLC: Strategic update for Fix Price investors
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Fix Price Group PLC (FIXP)
19 July 2024 – Fix Price (LSE and MOEX: FIXP, AIX: FIXP.Y, “Fix Price”, the “Company” or the “Group”), one of the leading variety value retailers globally and the largest in Russia, informs on the strategic update for Fix Price investors, following the announcement made today on its intention to remove its ISIN US33835G2057 and ISIN US33835G1067 global depositary receipts, representing interests in the Company’s shares (the “GDRs”), from the Official List of the UK Financial Conduct Authority and to cancel the trading of GDRs on the Main Market of the London Stock Exchange with effect from 19 August 2024. Recently, the Company completed the re-domiciliation into the Astana International Financial Centre. The Company considered the current situation on the capital markets, including the suspension of the GDRs’ admission to trading on the LSE on 3 March 2022. Further, the Company plans to ensure compliance with the requirements applicable to issuers with the GDRs` primary listing on the Astana International Exchange. The Company continues to actively adapt to changing environment on the capital markets and remains committed to protecting the rights and interests of all of its shareholders. In particular, the Group is in the process of identifying the appropriate options to eliminate the key infrastructure impediments currently faced by its investors and minority shareholders, regardless of their jurisdiction. The Group considers, among other options, the listing of its key operating subsidiary and offering its minority shareholders an opportunity to transfer their holdings to such operational subsidiary. In addition, Fix Price considers various options allowing the maintenance of the GDR programme following the receipt of a resignation notice from its depositary bank The Bank of New York Mellon. According to the resignation notice, the Company has until 19 August 2024 to appoint a new depositary bank. At the moment, the Company is in the process of active negotiations with the successor depositary.
Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
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| ISIN: | US33835G2057 |
| Category Code: | MSCU |
| TIDM: | FIXP |
| LEI Code: | 549300EXJV1RPGZNH608 |
| OAM Categories: | 2.2. Inside information |
| Sequence No.: | 335411 |
| EQS News ID: | 1950413 |
| End of Announcement | EQS News Service |
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