Amsterdam, 20 June 2025 – X5 Retail Group N.V. (the “Company”) is pleased to provide an update on the transition of its depositary program to successor depositary Stichting STAK X5 Retail Group (“STAK X5”).
On 16 June 2025, the Company and its current share depositary, The Bank of New York Mellon (“BNY”), executed a supplemental agreement (“Supplemental Agreement”) amending the Deposit Agreement which governs the Company’s Global Depositary Receipts (“GDRs”).
Pursuant to the Supplemental Agreement, the amendments to the existing Deposit Agreement and existing GDR Conditions shall take effect from 21 July 2025, providing for the automatic cancellation of all existing GDRs which shall be replaced by depositary receipts (”DRs”) to be issued by STAK X5 under a deed of administration conditions[1] governed by Dutch law. As soon as reasonably possible following the issue of the DRs, STAK X5 shall notify DR holders accordingly. Thereafter, DR holders can, upon request, be provided with an extract from STAK X5’s DR register confirming the DRs registered in their name.
This transition ensures the continuation of the Company’s depositary program in the best interest of DR holders entitled to voting and economic rights in the Company. More details are reflected in the Notices to GDR Holders available at https://x5.com/en/stak/ and further announcements to be released going forward.
For further inquiries, please contact:
X5 Retail Group N.V.
Tel: +31 (0)85 7730085
Email: info@x5.com
www.x5.com
[1] The administration conditions are available for GDR Holders upon request via email to info@x5.com