Fix Price Group Receives Resignation Notice from Depositary Bank

Fix Price Group PLC, a leading variety value retailer and the largest in Russia, has notified its shareholders of receiving a resignation notice from its depositary bank, the Bank of New York Mellon (BNY). This notice concerns the Group’s global depositary receipts (GDRs) program.

While this notice does not immediately terminate the GDR program, BNY remains the depositary bank until at least 19 August 2024. If no successor is appointed by that date, BNY will terminate the program no sooner than 90 days after notifying GDR holders.

The Company is evaluating the implications of this resignation, including the impact on its listings on the London Stock Exchange, Astana International Exchange, and the Moscow Exchange. Fix Price is committed to safeguarding shareholders' interests and will make further announcements in due course.