O`KEY GROUP key takeaways of the Annual General Meeting of Shareholders

The maximum repurchase amount under the programme has been set at RUB 500 mln and 9 mln GDRs whichever threshold is reached first at prevailing market price. The management is authorised to commence the programme at any time. The programme is intended to provide shares for the long-term incentive programme for the Company’s management and to return capital to shareholders in a manner that will improve liquidity. The Company will publish a separate press release upon the start of repurchase programme. 


O`KEY Group S.A. (LSE: OKEY, Fitch – ‘B+’) is one of the largest retail chains in Russia. The Company operates under two main formats: hypermarkets under the ‘O`KEY’ brand and discounters under the ‘DA!’ brand. As at 27 April 2018, the Group operates 145 stores across Russia. The Group opened its first hypermarket in St. Petersburg in 2002 and has since demonstrated continuous growth. O`KEY is the first among Russian food retailers to launch and actively develop e-commerce operations in St. Petersburg and Moscow, offering a full range of hypermarket products for home delivery. The Company operates four distribution centres across the Russian Federation. For the full year 2017, revenue totalled RUB 177,454,848 thousand, EBITDA reached RUB 9,334,993 thousand, and the net income for the period amounted to RUB 3,166,913 thousand. O`KEY shareholder structure is as follows: NISEMAX Co Ltd – 50.95%, GSU Ltd – 29.52%, free float – 19.53%.


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