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Cherkizovo Group (CHE)
Cherkizovo Group Announces Results of Meeting of Board of Directors
14-Nov-2017 / 18:01 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*Cherkizovo Group Announces Results of Meeting of Board of Directors*
Moscow, Russia - 14 November 2017 - Cherkizovo Group (LSE: CHE; MOEX: GCHE),
the largest vertically integrated meat and feed producer in Russia, today
announces the results of the meeting of the Board of Directors held on 14
November 2017.
At the meeting, the Board of Directors of the Cherkizovo Group (the "Group")
reviewed the report on the status of action items of the Board of Directors.
The Board of Directors reviewed the consolidated financial statements (IFRS)
and press release for the third quarter of 2017.
The Board of Directors reviewed the reports of the Chairman of the Personnel
and Remuneration Committee, the Chairman of the Investment and Strategic
Planning Committee and the Chairman of the Audit Committee.
Taking into account the significant decrease in the trading volumes of
global depositary receipts ("GDRs"), which represent interests in the
Group's shares on the London Stock Exchange ("LSE"), the Board of Directors
took the decision to cancel the listing of GDRs on the LSE. The Board of
Directors instructed the Group's chief executive officer to take all
necessary steps to implement this decision.
In addition, the Board of Directors approved an interested party
transaction.
The person responsible for the release of this announcement on behalf of
Cherkizovo Group is Anatoliy Vereschagin (please see details below).
For more information please visit http://www.cherkizovo.com [1] or contact
Anatoliy Vereschagin
Managing Partner
Progress Communications Agency
+7 965 334 34 34
av@progresspr.ru
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
in 2016 was 82.4 RUB billion. Cherkizovo Group shares are traded on the
Moscow Exchange (MOEX) and its GDRs are traded on the London Stock Exchange
(LSE).
ISIN: US1641452032
Category Code: ROM
TIDM: CHE
LEI Code: 2534005AEG6WJ1WNUF73
Sequence No.: 4851
End of Announcement EQS News Service
629255 14-Nov-2017
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November 14, 2017 12:01 ET (17:01 GMT)
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