World News: 08:48 GMT Thursday 12th July 2018. [EQS Group via SPi World News]
Lenta Ltd. (LNTA;LNTR)
12 July 2018
Application to the standard listing segment of the Official List of the UKLA and to trading
St. Petersburg, Russia; 12 July 2018 - Lenta Ltd. (LSE: LNTA/LNTR, MOEX: LNTA) ('Lenta' or the 'Company'), hereby announces that, in connection with its management incentive plan ('MIP') and long term incentive plan ('LTIP'), it has allotted and issued 91,302 new ordinary shares.
Applications have been made for admission of up to 456,510 additional global depositary receipts (the 'New GDRs') to the standard listing segment of the Official List of the United Kingdom Listing Authority and to trading ('Admission') on the main market of the London Stock Exchange. It is expected that Admission will take place at 8.00 a.m. on 13 July 2018. 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
Neither the New GDRs nor any document relating to them have been or will be registered with the Central Bank of Russia. Lenta Ltd. is relying on an understanding with Public Joint-Stock Company Moscow Exchange MICEX-RTS (the 'Moscow Exchange') that its global depositary receipts have been admitted to trading on the Moscow Exchange as a class and any new securities of the class are also admitted. Therefore, before the Admission, the New GDRs may not be offered, sold or delivered in the Russian Federation or to or for the benefit of any persons (including legal entities) resident, incorporated, established or having their usual residence in the Russian Federation or to any person located within the territory of the Russian Federation except to qualified investor within the meaning of Article 51.2 of Federal Law No.39-FZ 'On the Securities Market' dated 22 April 1996, as amended or as otherwise may be permitted by Russian law. No assurance can be given that thereafter the New GDRs will continue to be admitted to trading on the Moscow Exchange.
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||703839|
|End of Announcement||EQS News Service|
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