Fix Price to delist GDRs from LSE on August 19

MOSCOW. July 22 (Interfax) - Fix Price , which operates Russia's largest chain of fixed-price stores, intends to delist its GDRs from the London Stock Exchange as of August 19, the retailer said.

The company's GDRs began trading on the LSE in March 2021, with trading suspended a year later.

"The company has reviewed the advisability of continuing to list its GDRs on the LSE, and has decided that maintaining the listing is not a strategic priority for the company given the suspension of trading of the GDRs on the LSE as of March 3, 2022, with no indication of resuming in the foreseeable future," Fix Price said.

Fix Price will continue to trade on the Moscow Exchange and on the Astana International Exchange (AIX) of the Astana International Financial Centre (AIFC).

Fix Price is Russia's largest operator of fixed price stores, and had a network uniting 6,545 stores in Russia and neighboring countries, including Belarus, Georgia, Kazakhstan, and others at the end of March.