O`KEY Group S.A. (LSE, MOEX: OKEY, the “Group” or the “Company”), one of Russia’s largest food retailers, announces that the Astana International Exchange (AIX) has approved the listing of its global depositary receipts (“GDRs”). The Group's GDRs have been admitted to the quotation list in the main market segment and will start to trade under the ticker “OKEY” on 20 March 2023.
O`KEY Group’s GDRs are to start trading on the Astana International Exchange on 20 March 2023 at 11:30 am, Astana time.The Group intends to keep both its primary listing on the London Stock Exchange, which it has had since November 2010, and its secondary listing on the Moscow Exchange, where its GDRs have traded since December 2020.
O`KEY Group does not plan to issue new shares in connection with its AIX listing.
ARMIN BURGER, CEO OF O`KEY GROUP COMMENTED:
“We are grateful to the Astana International Exchange for their cooperation and the opportunity to list our GDRs. This step is intended to increase the liquidity of our stock further and diversify the investor base. It is a part of a long-term strategy to appeal to individual and institutional investors from Russia and abroad.
In 2022, we continued to strengthen all pillars of O`KEY Group's business model, developing both modern O’KEY hypermarkets and fast-growing DA! discounters.
We expect that the listing of O’KEY Group GDRs on Astana International Exchange will provide access to the capital of the fast-growing grocery retailer to a wider range of investors and will allow us to share with the shareholders our sustainable and long-term success.”