Retailer Lenta received permission from the government commission to maintain a program of depositary receipts on foreign stock exchanges. The permission is valid until May 13, 2023.

Retailer Lenta has formed a small-format directorate, with Emil Bagirov appointed to head it. He has more than 15 years' experience in retail. Prior to joining Lenta, Bagirov held a number of senior positions in the Pyaterochka retail chain. The new directorate will be responsible for implementing the company's strategy of expansion into small formats.

Retailer Lenta plans to apply for continuation of global depositary receipts listing on LSE. The decision to keep the listing will be made by a subcommittee of the Russian government commission for the control of foreign investment. The company must submit an application by May 5.

Lenta's IFRS net income for 3 months of 2022 was ₽0.045bn, down 28 times from ₽1.265bn in the previous year. Revenue rose 23.4% to ₽132.37 billion compared to ₽107.312 billion a year earlier.