Fix Price Group PLC: Strategic Update for Investors

Fix Price Group PLC, a leading global variety value retailer and the largest in Russia, has announced significant changes for investors. The group plans to delist its global depositary receipts (GDRs) from the London Stock Exchange by 19 August 2024. This follows its recent re-domiciliation to the Astana International Financial Centre.

The company is addressing the suspension of GDR trading on the LSE since March 2022 and ensuring compliance with the Astana International Exchange's requirements. Fix Price aims to protect shareholder interests and is exploring options to remove key infrastructure barriers.

A possible listing of its key operating subsidiary is under consideration, along with offering minority shareholders the chance to transfer holdings to this subsidiary. Additionally, Fix Price is negotiating with a successor depositary bank after receiving a resignation notice from The Bank of New York Mellon.