Lenta Ltd. (LNTA;LNTR)
13 July 2018
Admission to the Official List and to trading of global depositary receipts
St. Petersburg, Russia; 13 July 2018 - Lenta Ltd. (LSE: LNTA/ LNTR, MOEX: LNTA) ("Lenta" or the "Company") is pleased to announce that, in connection with its employee management incentive plan ("MIP") and long term incentive plan ("LTIP"), its application to the Financial Conduct Authority ("FCA"), in its capacity as competent authority, for up to 456,510 additional global depositary receipts (the "New GDRs") to be admitted to the standard listing segment of the Official List and its application to the London Stock Exchange to admit the New GDRs to trading on the main market, have been approved.
Five New GDRs represent an interest in one ordinary share of Lenta with no nominal value.
347,510 New GDRs, so admitted, will be delivered to existing employees of Lenta and its subsidiaries (the "Lenta Group") (including two employees who also serve as directors of Lenta Ltd) to satisfy outstanding awards under the MIP and up to a further 109,000 New GDRs, so admitted, will be delivered to existing employees of the Lenta Group from time to time as their awards under the LTIP require settlement.
For further information, please visit www.lentainvestor.com, or contact:
Mr. Albert Avetikov
Director for Investor Relations
112B, Savushkina Street
Telephone: +7 812 363 28 44
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||704329|
|End of Announcement||EQS News Service|