Gulf Investments Limited Acquired a 25% Stake in Detsky Mir

Moscow, Russia, 29 December 2020 – PJSC Detsky Mir (“Detsky Mir” or the “Company”, MOEX: DSKY), the largest children’s goods omnichannel retailer in Russia, announces the receipt of a notification letter dated December 28, 2020 from Gulf Investments Limited (hereinafter – Altus Capital) on the acquisition of 25% of the Company’s shares.

Detsky Mir’s Management Board welcomes the new shareholder Altus Capital and plans to continue implementing the announced strategy in the interests of all the Company’s shareholders.

For additional information:

The Detsky Mir Group of Companies (MOEX: DSKY) is an omnichannel retailer and the leader in the children’s goods sector in Russia. The Group comprises the Detsky Mir and the Detmir Pickup retail chains, the detmir.ru online store and marketplace, as well as the Zoozavr pet supplies retail chain. The Company operates a retail chain of 832 Detsky Mir stores located in 331 cities in Russia, Kazakhstan and Belarus, 16 Detmir Pickup stores, as well as 20 Zoozavr stores as of 29 December 2020. The total selling space was approximately 897,000 square meters.

Detsky Mir Group’s shareholder structure as of the date of this announcement is as follows: Altus Capital – 25%; Free-float[1] – 75%.  

Websites: detmir.ru, ir.detmir.ru

([1]) Excluding quasi-treasury shares and shares held by management and directors (0.7% of total shares)