Page 103 - RusRPTDec21

The offering by the holding Mercury Retail Group Limited is of up to 200,000,000 GDRs, each representing one existing ordinary share of Mercury Retail Holding PLC. Based on the offering price range, this implies an approximate offering size of between $1.2bn and $1.3bn.
The final offer price will be determined following a book-building process, which begins on November 3 and is expected to complete on or around November 9.
“We are proud of our business model and look forward to presenting it to international and Russian investors. We believe they will appreciate the unique combination of our robust growth and profitability, the enormous market opportunity, and Mercury Retail's development potential and attractive dividend policy,” Igor Kesaev, Chairman of Mercury Retail, said in a press release.
Mercury Retail’s strong operational performance continued in 3Q 2021. like-for-like (Lfl) sales during the period increased by approximately 14% year-on-year, while LFL sales for the first nine months of 2021 grew by approximately 17% year-on-year.
Novatek purchased 167,225 shares and GDRs from 1-5 November as part of its buyback, the company announced yesterday, 8 November. The company spent $4.2mn on the shares, implying an average price of $251.8/GDR. Since the start of its buyback in November 2012, Novatek has spent $491.2mn of the $600mn allocated for the buyback. Novatek has bought 4.05mn shares YtD for c. $1.6bn.
Novatek continued to purchase shares as part of its buyback program for a fifth week in a row. From 8-12 November, the company purchased 841,157 shares and GDRs at an average price of $250/GDR. Novatek has purchased 4.9mn shares YtD at an average price of $257.8/GDR.
Tinkoff Capital, part of London-listed Tinkoff Group, a leading digital provider of financial and lifestyle services, has launched three new exchange-traded funds (ETFs): the Tinkoff ESG Leaders Fund, the Tinkoff Cybersecurity Fund and Tinkoff Emerging Markets Fund. These new ETFs will enable Tinkoff customers to invest in companies operating in segments enjoying strong growth: cybersecurity services, ESG leaders and the most promising industries in developing countries. Tinkoff developed the Tinkoff ESG Leaders Fund in partnership with Sustainalytics, a global leader in assessing corporate sustainability. The fund tracks the Tinkoff World ESG Leaders Index, which has enjoyed annual growth of 16.1%, in dollar terms, since 2002. The 50 companies included in the fund are leaders in terms of their compliance with standards of social responsibility, corporate governance and environmental protection; they have also reported a positive operating cash flow according to IFRS for at least the last five years.
103 RUSSIA Country Report December 2021 www.intellinews.com