Fix Price refused to consolidate shares

Fix Price has announced that it has suspended its plans to consolidate its shares due to the Bank of Russia's requirement to buy back shares from dissenting and non-voting shareholders. This buyback could lead to a decrease in the liquidity of the shares and a reduction in free-loat below the requirements necessary to maintain the first-tier listing on the Moscow Exchange. Company believes that maintaining its stock exchange listing and high free-loat is in the long-term interests of all shareholders and remains a strategic priority for Fix Price.