Fix Price shareholders back re-domiciliation to Kazakhstan

MOSCOW. Nov 9 (Interfax) - Fix Price shareholders have voted to change jurisdiction from Cyprus to Kazakhstan, the retailer said in a statement.

This issue was approved at an extraordinary meeting of shareholders on November 9.

Fix Price plans to maintain its GDR listing on the London Stock Exchange and Moscow Exchange after completion of the re-domiciliation process.

The company will be registered on the territory of the Astana International Financial Center in Kazakhstan.

The shareholders also approved a new memorandum and articles of association after re-domiciliation.

Fix Price had 262 outlets and 1,600 employees in Kazakhstan as of September 30.

Fix Price is Russia's biggest fixed rice retailer but has a presence in nine other countries. At the end of June, the chain had 6,039 stores, including 5,372 of its own stores and 667 franchise stores. In Russia there were 5,428 stores, including 4,872 own stores.

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