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Cherkizovo Group / Miscellaneous - High Priority
Cherkizovo Group: Controlling Shareholder of the Group Increases Stake
03-Aug-2017 / 17:09 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS,
LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
THIS ANNOUNCEMENT CONTAINS INSIDER INFORMATION AND IS NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION.
Controlling Shareholder of Cherkizovo Group
Increased Stake
Moscow, Russia - 3 August 2017 - Cherkizovo Group (LSE: CHE; MOEX: GCHE),
the largest vertically integrated meat and feed producer in Russia, today
announces the completion of the purchase of Cherkizovo Group securities by
its controlling shareholder.
The controlling shareholder of Cherkizovo Group, together with its
affiliates, completed the acquisition of 21.05% of the Group's ordinary
shares and GDRs from the funds and portfolios under the management of
Prosperity Capital Management at a price of RUB 1,300 per ordinary share,
for total consideration of RUB 12.0 billion.
The transaction was approved by the Russian Federal Antimonopoly Service in
late July.
The funds and portfolios under the management of Prosperity Capital
Management sold all securities of the Group previously held by them.
Following the acquisition, the total stake of the controlling shareholder of
Cherkizovo Group, together with its affiliates in Cherkizovo Group, now
amounts to 88% of the charter capital.
The person responsible for the release of this announcement on behalf of
Cherkizovo Group is Dmitry Mironov (please see details below).
For more information please visit http://www.cherkizovo.com [1] or contact
Cherkizovo Group
Dmitry Mironov
Head of Investor Relations
+7 (495) 660 24 40 ext. 15962
d.mironov@cherkizovo.com
About Cherkizovo Group
Cherkizovo Group is the largest meat and feed producer in Russia. The Group
is a top-3 producer in each of the Russian poultry, pork and processed meat
markets and is the largest feed manufacturer in the country.
Cherkizovo Group encompasses eight full cycle poultry production facilities,
15 modern pork production facilities, six meat processing plants, eight feed
mills and more than 287,000 hectares of agricultural land. The Group also
includes Tambov Turkey facility, a joint Russian-Spanish venture. In 2016,
Cherkizovo Group produced 903,000 tonnes of meat and meat products.
Thanks to its vertically integrated structure, which includes grain growing
and storage, feed production, livestock breeding, fattening and
slaughtering, and meat processing, alongside a distribution system, the
Group has delivered long-term sales growth and profitability. The Group's
consolidated revenue was RUB 82.4 billion in 2016.
Cherkizovo Group shares and GDRs are traded on the Moscow Exchange (MOEX)
and the London Stock Exchange (LSE).
This press release may contain forward-looking statements based on current
assumptions and forecasts made by Cherkizovo Group management and other
information currently available to Cherkizovo Group.
The EquityStory.RS, LLC Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de/ukreg
Language: English
Company: Cherkizovo Group
Lesnaya str. 5B, White Square Office Center, 12th
125047 Moscow
Russia
Phone: +7 495 660-24-40
Fax: +7 495 788-32-32
E-mail: info@cherkizovo.com
Internet: www.cherkizovo.com
ISIN: US1641452032
Listed: Foreign Exchange(s) London, Moscow
Category Code: MSCH
TIDM: CHE
Sequence No.: 4497
End of Announcement EquityStory.RS, LLC News Service
598733 03-Aug-2017
1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4b23a144f425936dbdec548cd907e59a&application_id=598733&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 03, 2017 11:09 ET (15:09 GMT)
