O`KEY GROUP Annual General Meeting of the Shareholders decisions

O`KEY Group S.A. (LSE: OKEY, the ‘Group’ or the ‘Company’), one of the leading food retailers in Russia, announces the decisions taken by its Annual General Meeting of the Shareholders at a meeting on 27 April 2018.

  1. To receive the statutory and the consolidated financial statements of the Company for the financial year ended December 31, 2017. 
  2. To receive the reports of the board of directors of the Company on the statutory and the consolidated financial statements of the Company for the accounting year ended December 31, 2017. 
  3. To receive the reports of the approved statutory auditor of the Company on the statutory and the consolidated financial statements of the Company for the accounting year ended December 31, 2017. 
  4. To approve the statutory financial statements of the Company for the financial year ended December 31, 2017.
  5. To approve the consolidated financial statements of the Company for the financial year ended December 31, 2017. 
  6. To approve the results of the Company for the financial year ended December 31, 2017. 
  7. To approve the compensation of the directors and officers of the Company for the financial year ended December 31, 2018 in an aggregate amount of up to USD 800’000 and to delegate to the board of directors of the Company the power to determine each director’s and officers’ compensation. 
  8. To discharge the directors for the financial year ended December 31, 2017. 
  9. To appoint PricewaterhouseCoopers, Société cooperative as approved statutory auditor of the Company, to hold office until the conclusion of the next Annual General Meeting. 
  10. To authorise the board of directors of the Company to determine the remuneration of the approved statutory auditor of the Company. 
  11. To approve the program of repurchase of own depositary receipts of the Company.

COMPANY OVERVIEW 

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 April 27, 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%.

DISCLAIMER 

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