Notice of EGM
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, OR TO ANY PERSON IN, THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR IN OR INTO, OR TO ANY PERSON IN, ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF SUCH JURISDICTION.
Moscow, Russia, 14 November 2022 – Detsky Mir Group (“Detsky Mir” or the “Company”, MOEX: DSKY), a specialised retailer and the leader in the children’s goods sector in Russia and Kazakhstan, announces that the Board of Directors of the Company (the “Board”) has resolved to convene the Extraordinary General Meeting of Shareholders of “PJSC Detsky Mir” (“EGM”)
Date of the EGM: 29 December 2022
Agenda:
- Approval of the new Charter of the PJSC Detsky Mir.
- The reorganisation of PJSC Detsky Mir in the form of a spin-off of LLC DM as a subsidiary operating company (the “Reorganisation”).
Format of EGM: Absentee voting.
Ballot submission deadline: 29 December 2022
Record date (the date of drawing up the list of persons entitled to participate in the EGM): 28 November 2022
Shareholders of PJSC Detsky Mir, who do not participate in voting on the Reorganisation or vote “against”, will be entitled to demand redemption of their shares at a price RUB 71.50 per ordinary share. This represents the weighted average price of PJSC Detsky Mir shares that was derived from the results of MOEX trading sessions for the month preceding the release date for the Board agenda to be considered on 7 November 2022.The amount of funds that PJSC Detsky Mir may spend on the redemption of shares will not exceed 10% of the net assets value of PJSC Detsky Mir as of the EGM date (currently 10% of the net assets value amounts to approximately RUB 1.6 billion). If the number of shares tendered for redemption exceeds the number of shares that may be redeemed in accordance with the above limit, the shares will be redeemed from the shareholders pro rata to the tendered shares.
For additional information:
Nikita Moroz
Head of Investor Relations
Tel.: + 7 495 781 08 08, ext. 2315
Natalya Rychkova
Head of Public Relations
+7 495 781 0808, ext. 2041