REG - Etalon Group PLC - Etalon Announces Changes to Board of Directors

EtalonAnnouncement

11/03/2022 08:00

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RNS Number : 4875E  Etalon Group PLC  11 March 2022

11 March 2022

Etalon Group Announces Changes to Board of Directors

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces
changes to the membership of its Board of Directors.

 

Etalon Group's Board of Directors has accepted the resignation of the
independent director Martin Cocker from the Board and its committees. Mr
Cocker had served as Chairman of the Board's Audit Committee and was also a
member of the Board's Remuneration and Nomination Committee.

 

In order to comply with best corporate governance practices Etalon Group plans
henceforth to maintain a balanced Board structure with broad representation of
independent directors.

 

Taking the recent changes into account, the current membership of the Board of
Directors and its committees is outlined below.

 

Etalon Group Board of Directors:

·    Sergey Egorov, Chairman of the Board of Directors, non-executive
director

·    Gennadiy Shcherbina, Chief Executive Officer of Etalon Group

·    Maxim Berlovich, executive director

·    Oleg Mubarakshin, non-executive director

·    Dennis Vinokourov, non-executive director

·    Alexander Voloshin, independent non-executive director

·    Boris Svetlichny, independent non-executive director

·    Marina Ogloblina, independent non-executive director

·    Ganna Khomenko, independent non-executive director

·    Charalampos Avgousti, independent non-executive director

 

Strategy Committee:

·    Maxim Berlovich, Chairman

·    Sergey Egorov, non-executive director

·    Gennadiy Shcherbina, Chief Executive Officer of Etalon Group

·    Oleg Mubarakshin, non-executive director

·    Dennis Vinokourov, non-executive director

·    Artyom Zasursky, Vice President for Strategy and Development at PJSFC
Sistema

·    Marina Ogloblina, independent non-executive director

 

Remuneration and Nomination Committee:

·    Sergey Egorov, Chairman

·    Oleg Mubarakshin, non-executive director

·    Ganna Khomenko, independent non-executive director

·    Charalampos Avgousti, independent non-executive director

 

Audit Committee:

·    Boris Svetlichny, independent non-executive director

·    Ganna Khomenko, independent non-executive director

 

Investor Relations and Information Disclosure Committee:

·    Petr Kryuchkov, Chairman

·    Dennis Vinokourov, non-executive director

·    Boris Svetlichny, independent non-executive director

 

This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/investor-relations/investor-news/)

 

Contact information

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

Sam VanDerlip

T.: +44 207 002 7859

E: vanderlip@em-comms.com (mailto:vanderlip@em-comms.com)

 

About Etalon Group

Founded in 1987, Etalon Group is one of the largest development and
construction companies in Russia. The Company focuses on middle class
residential real estate in the Moscow and St Petersburg metropolitan areas. In
2021, the Company began a regional expansion programme and has already
launched new projects in Omsk, the Novosibirsk region as well as Ekaterinburg
and Tyumen. With a 35-year history, Etalon Group has one of the longest and
most successful track records in the Russian real estate industry. Since its
foundation, Etalon Group has commissioned 7.9 million sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added
value for customers and shareholders at every stage of development, from land
plot analysis and acquisition to the operation and maintenance of existing
properties. Etalon Group employs over 4,600 people, and its nationwide sales
and marketing network covers 59 Russian cities.

Etalon Group's total assets comprise 20 projects under development, unsold
inventory at completed residential complexes and commercial properties, with
total unsold NSA of 2.8 million sqm, as well as a construction and
maintenance division. Colliers International valued the Company's total assets
at RUB 204 billion as of 31 December 2020.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. The Company's revenue in 2020 amounted to RUB 78.7 billion, with
EBITDA of RUB 12.6 billion.

Etalon Group's GDRs have traded on the Main Market of the London Stock
Exchange since 20 April 2011 and on the Level 1 quotation list of Moscow
Exchange since 31 January 2020 under the ticker ETLN.

 

 

 

 

 

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