Fix Price Group PLC: THE MERGER OF KOLMAZ HOLDINGS LTD

5 October 2022 Fix Price (LSE and MOEX: FIXP, the Company or the Group), one of the leading variety value retailers globally and the largest in Russia, announces that the Company has merged with its subsidiary Kolmaz Holdings Ltd. (registration number HE 197237, hereinafter Kolmaz).

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Provider:

EQS

Retrieved on:

Wednesday, October 5, 2022

Information

Tags:

Fix Price, EBITDA, DC, Company, MAR, RUB, IFRS, Household, LSE, MOEX, Airline, Retail

Geotags:

ZYPERN, RUSSIA

⚠ generated by AI ↴

Stock Symbol:

ISIN:US33835G2057

LSE:FIXP

Summary

Key Points:

5 October 2022 Fix Price (LSE and MOEX: FIXP, the Company or the Group), one of the leading variety value retailers globally and the largest in Russia, announces that the Company has merged with its subsidiary Kolmaz Holdings Ltd. (registration number HE 197237, hereinafter Kolmaz).
As a result of the merger, Kolmaz ceased to exist and the Company became its successor.
Fix Price offers its customers a unique and constantly refreshed product assortment of non-food goods, personal care and household products and food items at low fixed price points.
As well as its own private brands, Fix Price sells products from leading global names and smaller local suppliers.

Fix Price Group PLC (FIXP)

Fix Price Group PLC: THE MERGER OF KOLMAZ HOLDINGS LTD

05-Oct-2022 / 18:00 MSK

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fix price group plc announces the merger of Kolmaz Holdings Ltd

5 October 2022 – Fix Price (LSE and MOEX: FIXP, the “Company” or the “Group”), one of the leading variety value retailers globally and the largest in Russia, announces that the Company has merged with its subsidiary Kolmaz Holdings Ltd. (registration number HE 197237, hereinafter “Kolmaz”). As a result of the merger, Kolmaz ceased to exist and the Company became its successor.

About the Company

Fix Price (LSE and MOEX: FIXP), one of the leading variety value retailers globally and the largest in Russia, has been helping its customers save money every day since 2007. Fix Price offers its customers a unique and constantly refreshed product assortment of non-food goods, personal care and household products and food items at low fixed price points.

As of 30 June 2022, Fix Price operated 5,267 stores in Russia and neighbouring countries, all of them stocking approximately 2,000 SKUs across around 20 product categories. As well as its own private brands, Fix Price sells products from leading global names and smaller local suppliers. As of June 2022, the Company operated 8 DCs covering 80 Russian regions and 6 other countries.

In 2021, the Company recorded revenue of RUB 230.5 billion, EBITDA of RUB 44.2 billion and net profit of RUB 21.4 billion, in accordance with IFRS.

Contacts

Fix Price Investor Relations

Fix Price Media Relations

Elena Mironova

[email protected]

Ekaterina Charushina

[email protected]


ISIN:	US33835G2057
Category Code:	MSCH
TIDM:	FIXP
LEI Code:	549300EXJV1RPGZNH608
Sequence No.:	192704
EQS News ID:	1457697


End of Announcement	EQS News Service