REG - Etalon Group PLC - Etalon Group Announces Split of GDR Programme

EtalonAnnouncement

03/10/2023 07:30

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RNS Number : 4633O  Etalon Group PLC  03 October 2023

3 October 2023

 

Etalon Group Announces Split of GDR Programme

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces that
it has signed an agreement with the current depositary, the Bank of New York
Mellon, providing for the split of Etalon Group's global depositary receipts
(GDR) programme under Regulation S (ISIN US29760G1031) and the Rule 144A
facility (ISIN US29760G2021).

In accordance with the agreement, The Bank of New York Mellon will cease
providing depositary services to the Company in respect of the Regulation S
facility and is expected to transfer the GDR programme under Regulation S to
the successor depositarу, RCS Issuer Services S.AR.L, on 6 November 2023. The
GDR programme under Rule 144A will be operated by the Bank of New York Mellon
and should be terminated within 90 days of the GDR programme split.

The depositary agreement is available on the Etalon Group website,
www.etalongroup.com (http://www.etalongroup.com) .

For information on the successor depositary, RCS Issuer Services S.AR.L,
please visit http://www.rcsgroup.lu/ (http://www.rcsgroup.lu/) .

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 (mailto:ir@etalongroup.com)

 

EM

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

 

 

About Etalon Group

 

Founded in 1987, Etalon Group is one of Russia's largest development and
construction companies. 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, Ekaterinburg, Tyumen and Kazan. 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 delivered 8.6 mln 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 more than 5,800 people, and its nationwide
sales network covers 35 regions of Russia.

 

Etalon Group's assets comprise 38 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.4 mln sqm, as well as a construction
and maintenance division. According to Nikoliers, the value of Etalon Group
assets as of 31 December 2022 was RUB 288 billion.

 

In 2022, Etalon Group's new contract sales totalled 292 ths sqm, or RUB 58.7
billion, not including accumulated new contract sales at YIT Russia as of its
acquisition.

 

The Company's revenue in 2022 amounted to RUB 80.6 billion, with EBITDA of RUB
16.5 billion.

 

Etalon Group's GDRs were listed on the Main Market of the London Stock
Exchange on 20 April 2011 and were included in the Level 1 quotation list of
Moscow Exchange on 31 January 2020 under the ticker ETLN. In July 2023, the
Company completed the process of changing the basis for its listing on Moscow
Exchange.

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