X5 Retail Group N.V (FIVE) - X5 to hold Annual General Meeting on 14 June
RNS Number : 2599C
X5 Retail Group N.V.
27 April 2012
X5 RETAIL GROUP N.V. TO HOLD ANNUAL GENERAL MEETING ON 14 JUNE 2012
Amsterdam 27 April 2012 - X5 Retail Group N.V. ("X5" and/or the "Company"),
Russia's largest retailer in terms of revenue, invites its shareholders and
holders of global depository receipts to the Company's Annual General Meeting
of Shareholders (the "AGM"). The AGM will be held at Parkstraat 20, 2514 JK
The Hague, The Netherlands at 11.00 am CET on 14 June 2012.
The record date for shareholders entitled to participate in the AGM is 17 May
The key agenda items to be discussed at the AGM include the annual report of
the Management Board and adoption of the Annual Accounts for the financial
year 2011, appointment of Mr. Dmitry Dorofeev as member of the Supervisory
Board, re-appointment of Mr. Alexander Tynkovan and Mr. Stephan DuCharme as
members of the Supervisory Board.
The full AGM agenda, including explanatory notes, as well as X5's Annual
Report for the financial year 2011, are available on the Company's website,
For further details please contact
Gregory Madick Svetlana Vitkovskaya
Executive IR Director Head of PR Department
Tel.:+7 (495)502-9783 Tel.: +7 (495) 662-8888, ext. 41 130
e-mail: gregory.madick@X5.ru e-mail: svetlana.vitkovskaya@X5.ru
Note to Editors:
Headquartered in Moscow, X5 Retail Group (LSE: FIVE, Moody's - "B2", S&P -
"B+") is Russia's largest retailer in terms of revenue. The Company operates
several retail formats: the soft discounter chain under the Pyaterochka brand,
the supermarket chain under the Perekrestok brand, the hypermarket chain under
the Karusel brand, the online retail channel under E5.ru brand and convenience
stores under various brands.
As at 31 March 2012, X5 had 3,139 Company-operated stores. It has the leading
market position in both Moscow and St. Petersburg and a significant presence
in the European part of Russia. Its store base includes 2,643 soft discounter
stores, 337 supermarkets, 77 hypermarkets and 82 convenience stores. The
Company operates 29 DCs and 1,392 Company-owned trucks across the Russian
X5 is run on an SAP platform.
As at 31 March 2012, X5's franchisees operated 434 stores across Russia.
For the full year 2011, net sales totaled USD 15,455 mln, EBITDA reached USD
1,130 mln, and net profit amounted to USD 302 mln.
X5 Shareholder structure is as follows: Alfa Group - 47.86%, founders of
Pyaterochka - 19.85%, X5 Management and/or Supervisory Board members - 0.12%,
treasury shares - 0.11%, free float - 32.06%.
Forward looking statements:
This announcement includes statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements can be
identified by the fact that they do not only relate to historical or current
events. Forward-looking statements often use words such as" anticipate",
"target", "expect", "estimate", "intend", "expected", "plan", "goal" believe",
or other words of similar meaning.
By their nature, forward-looking statements involve risk and uncertainty
because they relate to future events and circumstances, a number of which are
beyond X5 Retail Group N.V.'s control. As a result, actual future results may
differ materially from the plans, goals and expectations set out in these
Any forward-looking statements made by or on behalf of X5 Retail Group N.V.
speak only as at the date of this announcement. Save as required by any
applicable laws or regulations, X5 Retail Group N.V. undertakes no obligation
publicly to release the results of any revisions to any forward-looking
statements in this document that may occur due to any change in its
expectations or to reflect events or circumstances after the date of this
This information is provided by RNS
The company news service from the London Stock Exchange
NOAPGUPGCUPPGPM -0- Apr/27/2012 12:17 GMT
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