Announcement • May 31
Public Joint Stock Company Detsky Mir (MISX:DSKY) completed the spin-off of LLC Detsky Mir. The board of Public Joint Stock Company Detsky Mir (MISX:DSKY) intent to spin-off LLC Detsky Mir on November 7, 2022. Detsky Mir plans a reorganization into a private firm in the form of a spin-off of LLC Detsky Mir as a subsidiary operating company and as a result of the reorganization, LLC Detsky Mir will receive assets required to conduct business activities. Upon completion of the reorganization, it is planned that shareholders of the public company Detsky Mir will be offered the opportunity to exchange their shares for shares in a subsidiary of PJSC Detsky Mir that will hold a 100% interest in the private company LLC Detsky Mir. The procedure assumes a reorganization of PJSC Detsky Mir, gradual transition of shareholders from the public company PJSC Detsky Mir to a non-public company LLC Detsky Mir and a tender offer for shareholders of PJSC Detsky Mir who have not transferred to LLC Detsky Mir. Following these steps, PJSC Detsky Mir may be liquidated subject to receipt of all necessary corporate approvals. Detsky Mir will continue its operations in children’s food and non-food product retail and will be able to focus on developing its existing retail chain, as well as to manage its business in an efficient and flexible way, The Board of Directors plans to recommend that, at an Extraordinary General Meeting of Shareholders (EGM), the company’s shareholders approve the launch of the reorganization of PJSC Detsky Mir in the form of a spin-off of LLC Detsky Mir as a subsidiary operating company. If approved by the EGM, the reorganization will be completed within approximately six months of the EGM decision. On December 29, 2022, The shareholders approve the transaction. The EGM resolved to approve the new charter of PJSC Detsky Mir and the reorganization of PJSC Detsky Mir in the form of a spin-off of LLC DM as a subsidiary operating company.
Public Joint Stock Company Detsky Mir (MISX:DSKY) completed the spin-off of LLC Detsky Mir on May 30, 2023. Reported Earnings • Jun 07
First quarter 2022 earnings released First quarter 2022 results: ₽0.76 loss per share. Revenue: ₽37.9b (up 6.1% from 1Q 2021). Net loss: ₽555.0m (down 143% from profit in 1Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the industry in Russia. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 07
Public Joint Stock Company Detsky Mir to Report Q3, 2022 Results on Nov 07, 2022 Public Joint Stock Company Detsky Mir announced that they will report Q3, 2022 results on Nov 07, 2022 