Fix Price GDRs to trade on Astana exchange beginning on Oct 17

MOSCOW. Oct 16 (Interfax) - Fix Price global depositary receipts (GDRs) have been included in the quotation list of Astana International Exchange (AIX). Trading is scheduled to begin on October 17, the retailer said in a statement.

"With its listing on the AIX, the company does not plan to issue new securities. The group intends to retain the listing on the London and Moscow exchanges, which it has had since March 2021," the statement said.

At the moment, the company is mulling redomiciliation from Cyprus to Kazakhstan. Shareholders could approve this measure at an extraordinary general meeting on November 9.

It is expected that Fix Price may be registered in the Astana International Financial Center in Kazakhstan ("AIFC").

Fix Price operates in Kazakhstan, among other markets. As of September 30, the chain had 262 stores and employed 1,600 people in the country.

Fix Price is the largest fixed-price store operator in Russia. In addition to Russia, the company operates in 9 other countries. As of late June, the chain included 6,039 stores, including 5,372 of its own locations and 667 franchise stores. Of these, Russian locations numbered 5,428, including 4,872 own stores.