O'KEY Group Plans Redomiciliation to Russia

O'KEY Group S.A., a leading retailer in Russia, announced its Board of Directors' decision to convene a General Meeting of Shareholders. The meeting on March 25, 2025, aims to discuss the Group's potential redomiciliation from Luxembourg to Russia. This change requires shareholder approval as per Luxembourg's legal process.

If approved, O'KEY will be registered as an international public joint-stock company in Kaliningrad, Russia. All shares will transition to a Russian IPJSC at a 1:1 ratio, with their nominal value in Russian roubles equivalent to euros during conversion.

O'KEY ensures that operations in Russia remain unaffected during the transition. Updates will be provided as the process progresses. Meanwhile, the Group continues to fulfill its responsibilities to partners and customers.