Cherkizovo Group: Controlling Shareholder of the Group Increases Stake

Dow Jones received a payment from EQS/DGAP to publish this press release.

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 
 
                                               [phone] ext. 15962 
 
                                                    [e-mail] 
 
                                                      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:         [phone] 
Fax:           [phone] 
E-mail:        [e-mail] 
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)