MGKL shareholders approve issue of convertible bonds

MGKL shareholders have approved the placement of convertible bonds totaling up to ₽1.9 billion by closed subscription among qualified investors. One bond can be converted into 167 ordinary shares at the request of the holder 15 days before maturity in March 2028. Placement is scheduled to take place in the fall of 2025. Funds raised will be used to scale the retail network, including through M&A, the development of the infrastructure of the retail sector and the digitalization of processes.