Lenta Ltd Transaction in Own Shares: 01/04/2019-05/04/2019 (4029V)
08 Aprile 2019 - 8:47AM
UK Regulatory
TIDMLNTR TIDMLNTA
RNS Number : 4029V
Lenta Ltd
08 April 2019
Transaction in own shares
Saint-Petersburg, Russia; 08 April 2019 - Lenta (LSE, MOEX:
LNTA) (the "Company"), one of the largest retail chains in Russia,
today announces that Credit Suisse Securities (Europe) Limited
("CS") has, between 1(st) April 2019 and 5(th) April 2019, made
purchases of the Company's global depositary receipts (ISINs:
US52634T2006 (Reg S) and US52634T1016 (144A)) (the "GDRs") on the
Main Market of the London Stock Exchange pursuant to the Company's
GDR buyback programme announced on 29 October 2018 (the
"Programme"). In turn, the GDRs purchased by CS have been or will
be sold to Lenta LLC (a subsidiary of the Company). Aggregated and
detailed information regarding such purchases is set out below.
Aggregated Information
Date GDRs Highest price Lowest price VWAP
purchased paid per GDR paid per GDR per GDR
(USD)
-----------------------------------------
01/04/2019 - 05/04/2019 190,553 3.380 3.325 3.361
----------- -------------- -------------- ---------
Schedule of purchases:
In accordance with Article 5(1)(b) of Regulation (EU) No
596/2014 (the Market Abuse Regulation), a full breakdown of the
individual trades conducted by CS under the Programme during the
period to which this announcement relates is available on the page
linked below:
http://www.lentainvestor.com/en/investors/shareholders/buyback-reports
Since the beginning of the buyback Programme the Company has
purchased 4,552,610 GDRs.
The Company announced termination of its buyback program on
2(nd) April 2019.
This announcement will also be available on the Company's
website at www.lentainvestor.com
About Lenta
Lenta is the largest hypermarket chain in Russia (in terms of
selling space) and the country's third largest retail chain (in
terms of 2017 sales). The Company was founded in 1993 in St.
Petersburg. Lenta operates 245 hypermarkets in 88 cities across
Russia and 136 supermarkets in Moscow, St Petersburg, Central,
Siberia and Ural with a total of approximately 1,473,679 sq.m of
selling space. The average Lenta hypermarket store has selling
space of approximately 5,500 sq.m. The average Lenta supermarket
store has selling space of approximately 800 sq.m. The Company
operates twelve distribution centres.
The Company's price-led hypermarket formats are differentiated
in terms of their promotion and pricing strategies as well as their
local product assortment. The Company employed approximately 45,759
people as of 31 December 2018.
The Company's management team combines a mix of local knowledge
and international expertise coupled with extensive operational
experience in Russia. Lenta's largest shareholders include TPG
Capital and the European Bank for Reconstruction and Development,
both of which are committed to maintaining high standards of
corporate governance. Lenta is listed on the London Stock Exchange
and on the Moscow Exchange and trades under the ticker: 'LNTA'.
For further information please visit www.lentainvestor.com, or
contact:
Lenta Russian Media:
Maria Filippova NW Advisors
PR and GR manager Anton Karpov & Victoria Afonina
Tel: +7 812 380-61-31 ext.: el:+7 495 795 06 23
1892 E-mail: lenta@nwadvisors.com
E-mail: maria.filippova@lenta.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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