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Lenta

May 29, 2015

Clarification statement

Lenta LLC announces RUB 12 bln settlement of intra-group debts

St-Petersburg, Russia; 29 May, 2015– Lenta LLC, the main operating company of Lenta Ltd, announced the RUB 12 bln dividend payment to Lenta 2 LLC, Lenta LLC’s immediate corporate parent. The announcement was disclosed as the Material Fact Notice earlier today. This dividend payment is a technical transaction that will settle intra-group obligations. Accordingly, it will not result in any dividend being paid out by Lenta Ltd (the listed holding company of the Lenta group) to its shareholders. Lenta's capital allocation policy is to invest its operational cash flow into the ongoing expansion of its business.

Lenta
Anna Meleshina,
Public Relations & Government Affairs Director
Tel: +7 812 363 28 53
E-mail: anna.meleshina@lenta.com

Yana Mogileva, PR Manager
Ņel:+7 (812) 336 39 97
E-mail: yana.mogileva@lenta.com

Instinctif Partners
International Media:
Mark Walter and Tony Friend
Ņel:+44 (0)20 7457 2020
E-mail: Mark.Walter@instinctif.com

Russian Media:
Anton Karpov
Ņel:+7 495 660 05 91
E-mail: Anton.Karpov@instinctif.com

 

 

 

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