RNS Number : 5567V
31 January 2017
Lenta to hold a Strategy Day
St. Petersburg, Russia; 31 January, 2017 - Lenta Ltd, (LSE, MOEX: LNTA) ("Lenta"), one of the largest retail chains in Russia, is pleased to announce it will be holding a Strategy Day in London on 16(th) February 2017 at 14:00 (GMT). The Strategy Day will include presentations and Q&A sessions with the Lenta's executive management team.
The executive management team will update on the Lenta's key achievements following the IPO and present new strategic goals and initiatives for the business in the medium- to long-term.
To register please contact:
+ 44 207 134 61 91
J.P. Morgan Office
60 Victoria Embankment
London, UK, EC4Y 0JP
Lenta is the largest hypermarket chain in Russia (in terms of selling space) and the country's fifth largest retail chain (in terms of 2015 sales). The Company was founded in 1993 in St. Petersburg. Lenta operates 191 hypermarkets in 77 cities across Russia and 49 supermarkets in Moscow, St. Petersburg and the Central region with a total of approximately 1,146,148 sq.m of selling space. The average Lenta hypermarket store has selling space of approximately 5,800 sq.m. The average Lenta supermarket store has selling space of approximately 900 sq.m. The Company operates seven owned distribution centres.
The Company's price-led hypermarket formats are differentiated in terms of their promotion and pricing strategies as well as their local product assortment. The Company employed approximately 45,689 people as of 31 December 2016.
The Company's management team combines a mix of local knowledge and international expertise coupled with extensive operational experience in Russia. Lenta's largest shareholders include TPG Capital and the European Bank for Reconstruction and Development, both of which are committed to maintaining high standards of corporate governance. Lenta is listed on the London Stock Exchange and on the Moscow Exchange and trades under the ticker: 'LNTA'.
A brief video summary on Lenta's business and its Big Data initiative can be seen here.
For further information please visit www.lentainvestor.com, or contact:
Lenta Citigate Anna Meleshina, International Media: Public Relations & David Westover Government Affairs el: +44 207 282 2886 Director E-mail: firstname.lastname@example.org Tel: +7 812 363 28 53 FTI Consulting E-mail: email@example.com Russian Media: Anton Karpov & Victoria Anastasia Kuznetsova, Afonina Corporate Communications el:+7 495 795 06 23 Manager E-mail: lenta@FTIconsulting.com el:+7 (812) 336 39 97 E-mail: firstname.lastname@example.org
This information is provided by RNS
The company news service from the London Stock Exchange
(END) Dow Jones Newswires
January 31, 2017 02:40 ET (07:40 GMT)