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EXCHANGE OF FIX PRICE GROUP PLC GDRS FOR SHARES OF PJSC FIX PRICE

On 5 June 2025, Retail Technologies & Solutions Limited, a subsidiary of Fix Price (hereinafter, the “Group”), announced the start of the  exchange of GDRs of Fix Price Group PLC (hereinafter, “FPG”, the “Company”) for ordinary shares of PJSC Fix Price.On 4 June 2025, the Board of Directors of the Company  made the decision to delist FPG GDRs from Moscow Exchange and SPB Exchange.

The exchange offers holders of FPG GDRs the opportunity to become shareholders in PJSC Fix Price – the Group’s main operating asset – and to obtain a liquid instrument on Moscow Exchange that is not subject to infrastructure and other restrictions applicable to FPG GDRs, including limitations related to the possibility of receiving dividends and participating in general meetings of shareholders.

Holders of FPG GDRs are invited to participate in either an exchange via stock exchange or OTC exchange, depending on how their securities are held. The Company has not placed any restrictions on GDR holders’ participation in the exchange based on the date their GDRs were acquired.

The collection of exchange offers began on 5 June 2025 and will continue until:

  • 15:00 (Moscow time) on 4 July 2025 for the exchange via stock exchange;
  • 19:00 (Moscow time) on 4 July 2025 for the OTC exchange.

Each FPG GDR will be exchanged for 158 shares of PJSC Fix Price. The proposed exchange ratio reflects the Russian business’ 74% share of the Group’s total assets. The exchange ratio ensures economic neutrality as of the exchange commencement date, which has been confirmed by an independent advisor in the Opinion on the Economic Neutrality of the Exchange Ratio.

PJSC Fix Price shares will be listed on the Moscow Exchange under FIXR ticker and begin trading, as expected, on or about 6 August 2025, after the completion of the exchange.

More detailed information on the exchange – including the terms and conditions, procedures and certain tax implications – can be found in the materials published on this website, including in the Memorandum and presentation.





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