About the Report & Disclaimer
About the Report
The Annual Report of Fix Price Group PLC for 2022 (hereinafter also referred to as Fix Price, the Company or the Group) has been prepared based on the information available to Fix Price Group PLC and its subsidiaries as of 31 December 2022, unless otherwise implied by the meaning or content of the information provided. This Annual Report is addressed to a wide range of stakeholders and reflects the key performance results of Fix Price for 2022 in such matters as strategic and corporate governance as well as financial and operating results. The Annual Report has been prepared in accordance with the requirements of the applicable laws.
This Annual Report contains forward-looking statements that reflect expectations of the Company’s management. The forward-looking statements are not based on actual circumstances and include all statements concerning the Company’s intentions, opinions, or current expectations regarding its performance, financial position, liquidity, growth prospects, strategy, and the industry in which Fix Price Group PLC operates. By their nature, such forward-looking statements are characterised by risks and uncertainties since they relate to events and depend on circumstances that may or may not occur in the future. Such terms as “assume”, “believe”, “expect”, “predict”, “intend”, “plan”, “project”, “consider” and “could” along with other similar expressions as well as those used in the negative usually indicate the predictive nature of a statement. These assumptions contain risks and uncertainties that are foreseen or not foreseen by the Company. Thus, future performance may differ from current expectations, therefore the recipients of the information presented in the Annual Report should not base their assumptions solely on it.
In addition to official information on the activities of Fix Price Group PLC, this Annual Report contains information obtained from third parties and from sources which Fix Price Group PLC finds to be reliable. However, the Company does not guarantee the accuracy of this information, as it may be abridged or incomplete. Fix Price Group PLC offers no guarantees that the actual results, scope, or indicators of its performance or the industry in which the Company operates will correspond to the results, scope, or performance indicators clearly expressed or implied in any forward-looking statements contained in this Annual Report or elsewhere. Fix Price Group PLC is not liable for any losses that any person may incur due to the fact that they relied on the forward-looking statements. Except as expressly envisaged by applicable law, the Company assumes no obligation to distribute or publish any updates or changes to the forward-looking statements reflecting any changes in expectations or new information as well as subsequent events, conditions, or circumstances.
Since late February 2022, a range of jurisdictions (the US, EU, UK, and a handful of other countries) have begun to impose sanctions against a number of Russian financial institutions and enterprises, as well as whole spheres of the Russian economy and specific individuals. Amidst the ramifications of these sanctions on the Russian economy and the retail sector in particular our Company carrieson operating in highly volatile circumstances.
Consequently, the effects on our activities are still to be assessed. We are doing our best to run the business without any turbulence, and we continue sourcing and delivering goods at the best value for our clients. As of the date of publication, trading in Fix Price GDRs on the London Stock Exchange is suspended for an undisclosed period of time, and the Company cannot particularise with any extent of confidence as to when trading will resume. However, the GDRs listed on the Moscow Exchange are traded.