Fix Price Group Ltd
Fix Price Group Ltd. : Fix Price’s Board of Directors establishes Environmental, Social and Governance Committee
Fix Price Group Ltd. (FIXP)
Fix Price’s Board of Directors establishes Environmental, Social and Governance Committee 29 November 2021 – Fix Price (LSE and MOEX: FIXP), one of the leading variety value retailers globally and the largest in Russia, announces that the Group’s Board of Directors approved the establishment of Environmental, Social and Governance (ESG) Committee. This decision underscores the Company’s commitment to responsible business conduct.
The committee will advise the Board on the Group’s sustainability strategy, monitor its ESG performance and track the Company’s progress in delivering its ESG commitments.
The committee will consist of independent directors – Alexander Tynkovan as a chairman and Elena Titova and Gregor Mowat as members. The committee meetings will take place once a quarter and the ESG agenda will be regularly reviewed by the Board of Directors.
Dmitry Kirsanov, CEO of Fix Price, commented:
About the Company Fix Price (LSE and MOEX: FIXP), one of the leading variety value retailers globally and the largest in Russia, has been helping its customers save money every day since 2007. Fix Price offers its customers a unique and frequently updated product assortment of non-food goods, personal care and household products and food items at low fixed price points. Today there are more than 4,700 Fix Price stores in Russia and neighbouring countries, all of them stocking approximately 1,800 SKUs across around 20 product categories. As well as its own private brands, Fix Price sells products from leading global names and smaller local suppliers. In 2020, the Company recorded revenue of RUB 190.1 billion, EBITDA of RUB 36.8 billion and net profit of RUB 17.6 billion, in accordance with IFRS.
Contacts
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Category Code: | MSCU |
TIDM: | FIXP |
LEI Code: | 549300EXJV1RPGZNH608 |
OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
Sequence No.: | 127781 |
EQS News ID: | 1252413 |
End of Announcement | EQS News Service |