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Russian Retailer Lenta Completes Redomiciliation To Cyprus

Published on Mar 30 2020 1:39 PM in Retail tagged: Trending Posts / Lenta / Russia / Cyprus / Redomiciliation

Russian Retailer Lenta Completes Redomiciliation To Cyprus

Russian retailer Lenta has announced that it has completed the process of transferring its registration to Cyprus.

The company has obtained the Certificate of Continuation of the Company in Cyprus from the Department of Registrar of Companies and Official Receiver (DRCOR).

It certifies that the Company was registered from 21 February 2019 in accordance with the Cyprus Companies Law Cap 113, in particular section 354H as a company continuing in the Republic of Cyprus, the company said.

On 21 February 2020, the DRCOR issued the company a certificate of temporary registration in Cyprus.

It also obtained a certificate of discontinuance of the company in the British Virgin Islands on 25 February 2020 by the Registry of Corporate Affairs in the British Virgin Islands.

The move does not entail any changes to the company or its global depositary receipts further to those limited changes that became effective upon receipt of the temporary certificate of incorporation in Cyprus on 21 February, Lenta said in its statement.

In January of this year, Lenta commenced the redomiciliation process and announced plans to change the depositary appointed in connection with the company’s global depositary receipt programme (the GDR Programme) from Deutsche Bank Luxembourg S.A. (the 'Original Depositary') to its affiliate Deutsche Bank Trust Company Americas.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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