Dixy Group board to discuss delisting from Moscow Exchange Wed

MOSCOW, Nov 20 (PRIME) -- The board of directors of grocery retailer Dixy will consider delisting from the Moscow Exchange and set a buyback price and a date of an urgent general meeting of shareholders on Wednesday, as seen by PRIME in the company’s materials on Monday.

In July, the board approved a buyback program under which it planned to buy up to 10% in the company for no more than 2.5 billion rubles through Dixy Yug in the following 12 months. In September, the board approved a buyback of additional 5 billion ruble shares.

(59.6325 rubles – U.S. $1)

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