{"id":1902,"date":"2020-03-23T00:00:00","date_gmt":"2020-03-22T21:00:00","guid":{"rendered":"https:\/\/ir.detmir.ru\/en\/2020\/03\/23\/detsky_mir_buy_back_ltip\/"},"modified":"2020-03-23T00:00:00","modified_gmt":"2020-03-22T21:00:00","slug":"detsky_mir_buy_back_ltip","status":"publish","type":"post","link":"https:\/\/ir.detmir.ru\/en\/press-centre\/news\/detsky_mir_buy_back_ltip\/","title":{"rendered":"Detsky Mir Repurchased its Own Shares for Long-Term Incentive Programme"},"content":{"rendered":"

March 23, 2020 Moscow, Russia.<\/strong> \u2013<\/strong> Detsky Mir Group (\u201cDetsky Mir\u201d, the \u201cGroup\u201d or the \u201cCompany\u201d, MOEX: DSKY), Russia\u2019s largest specialized children\u2019s goods retailer, announces that it has repurchased the Company\u2019s shares.<\/p>\n

As part of its long-term incentive programme (LTIP), the Company repurchased 1,212,210 ordinary shares of Detsky Mir for RUB 90 m, representing 0.16% of the share capital of the Company.<\/p>\n

Detsky Mir will continue to execute share buy-back via open market purchases in accordance with the terms of the current LTIP. The duration of the LTIP covers the three-year period from the end date of the previous program (February 8, 2020) to February 7, 2023. Senior management team in continuing employment by the Company and being program members upon the date of April 30, 2024 will be eligible for the Company’s share grants and cash payments in the total size of the bonus fund in value to up to 4.6% of the increase in the Company\u2019s stock market value (including dividend payments) over the period. The LTIP includes more than 20 key employees of the Company.<\/p>\n

***<\/p>\n<\/p>\n

For additional information:<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n
<\/p>\n

Nadezhda Kiseleva<\/strong><\/p>\n


\n <\/p>\n

Head of Public Relations<\/p>\n


\n <\/p>\n

Office: +7 495 781 08 08, ext. 2041<\/p>\n


\n <\/p>\n

Cell: +7 985 992 78 57<\/p>\n


\n <\/p>\n

nkiseleva@detmir.ru<\/p>\n

\n\t\t\t<\/td>\n

<\/p>\n

 <\/p>\n

Sergey Levitskiy<\/strong><\/p>\n


\n <\/p>\n

Head of Investor Relations<\/p>\n


\n <\/p>\n

Office: +7 495 781 08 08 ext. 2315<\/p>\n


\n <\/p>\n

Cell: +7 903 971 43 65<\/p>\n


\n <\/p>\n

slevitskiy@detmir.ru<\/p>\n

\n\t\t\t<\/td>\n


\n\t\t<\/tr>\n


\n\t<\/tbody>\n


\n<\/table>\n

Detsky Mir Group<\/strong> (MOEX: DSKY) is a multi-format retailer and Russia\u2019s and Kazakhstan\u2019s largest specialized children\u2019s goods retailer. The Group comprises the Detsky Mir and the Detmir.ru retail chains, the ELC (Early Learning Centre in Russia) and the ABC retail chains, as well as the Zoozavr pet supplies retail chain. The Company operates a network of 766 Detsky Mir stores located in 293 cities in Russia, Kazakhstan and Belarus, 4 Detmir.ru stores, as well as 49 ELC, 13 ABC and ten Zoozavr stores as of 31 December 2019. Total selling space was approximately 843,000 square meters<\/p>\n

Detsky Mir Group\u2019s shareholder structure as of the date of this announcement is as follows: PJSFC Sistema[1]<\/a>  \u2013 33.38%, Russia-China Investment Fund (RCIF) [2]<\/a> \u2013 9.0%, free-float \u2013 57.62%. <\/p>\n

Lear more at www.detmir.ru, elc-russia.ru, ir.detmir.ru<\/p>\n

 <\/p>\n

<\/hr>\n

(1) Sistema PJSFC is a publicly-traded diversified Russian holding company serving over 150 million customers in the sectors of telecommunications, children\u2019s goods retail, paper and packaging, healthcare services, agriculture, high technology, banking, real estate, pharmaceuticals and hospitality.<\/em><\/p>\n

(2) RCIF, an equity fund established by the Russian Direct Investment Fund (RDIF) and China Investment Corporation (CIC), holds its stake in PJSC Detsky Mir through its funds: <\/em>Floette Holdings Limited and Exarzo Holdings Limited<\/em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

March 23, 2020 Moscow, Russia. \u2013 Detsky Mir Group (\u201cDetsky Mir\u201d, the \u201cGroup\u201d or the \u201cCompany\u201d, MOEX: DSKY), Russia\u2019s largest specialized children\u2019s goods retailer, announces that it has repurchased the Company\u2019s shares.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts\/1902"}],"collection":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/comments?post=1902"}],"version-history":[{"count":0,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/posts\/1902\/revisions"}],"wp:attachment":[{"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/media?parent=1902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/categories?post=1902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ir.detmir.ru\/en\/wp-json\/wp\/v2\/tags?post=1902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}