Moscow, 1 July 2024 – X5 Group (“X5” or the “Company”), a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Chizhik retail chains, аnnounces that X5 Corporate Centre LLC has been transformed into a public joint stock company (PJSC X5 Corporate Centre) in line with the requirements of Article 9 of the Russian Federal Law No. 470-FZ of 4 August 2023.
The Company is currently in the process of collecting applications from owners of X5 Retail Group N.V. depositary receipts to take ownership of shares in PJSC X5 Corporate Centre. The Law sets out a period of four months (starting from 3 May 2024) during which the Company will collect these applications and decide on including the investor in the register of entities who will take direct ownership of shares in PJSC X5 Corporate Centre. The steps required to submit an application are outlined in detail in the instructions published on the Company’s official website at [https://www.x5.ru/en/investors/share-distribution/].
Individuals who hold X5 Retail Group N.V. depositary receipts through Russian depositaries will not be required to take any additional steps. The distribution of shares in PJSC X5 Corporate Centre to such individuals will be carried out automatically in line with the decision of the Bank of Russia’s Board of Directors of 26 April 2024, and is currently expected to take place in August 2024.