Ad-Hoc Notice
Moscow, Russia, 1 December 2020 – Board of Directors and Management Board of Detsky Mir PJSC (“Detsky Mir” or the “Company”, MOEX: DSKY), Russia’s largest specialized children’s goods retailer, refer to their previous statement dated 30 November 2020 relating to the offer to the Company’s shareholders to submit applications to sell up to 29.9% of the Company’s shares (the “Offer”) announced by Altus Capital (“Altus”).
On 1 December 2020, the Company’s CEO and Member of the Board of Directors Mariya Davydova, together with the Company’s legal and financial advisors, and the Managing Partner of Altus Dmitri Klenov met and verbally discussed the Offer. This discussion left a number of relevant aspects about the Offer without clarification from Altus, and the parties agreed that the Company’s Board of Directors will send its list of questions to Altus in writing, seeking an official written response with clarifications. The Company’s Board of Directors has sent this list of questions to Altus, and expects to provide further updates upon receipt of complete information thus officially communicated to them by Altus in response.
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The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 805 Detsky Mir stores located in 319 cities in Russia, Kazakhstan and Belarus, 13 Detmir Pickup stores, as well as 14 Zoozavr stores as of 30 November 2020. The total selling space was approximately 872,000 square meters.
Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Free float[1] – 100%.
Websites: detmir.ru, ir.detmir.ru.
([1]) Excluding quasi-treasury shares and shares held by management and directors (0.8% of total shares).