REG - Etalon Group PLC - Etalon Group PLC Notification of AGM

EtalonAnnouncement

18/11/2022 07:30

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RNS Number : 8896G  Etalon Group PLC  18 November 2022

18 November 2022

 

Etalon Group PLC Notification of AGM

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established residential real estate developers, announces that its
annual general meeting of shareholders ("AGM") will be held at 36 Agias Elenis
str., Galaxias Building, Block B, 6th floor, office 602, 1061, Nicosia, Cyprus
on Wednesday, 21st of December 2022, at 11 a.m. Cyprus time.

 

The following resolutions will be proposed at the AGM:

 

ORDINARY RESOLUTIONS:

 

1.   To receive and approve the Company's Consolidated Financial Statements
for the financial year ended 31 December 2021 together with the Reports of the
Directors and Auditor thereon and the Company's stand-alone Financial
Statements for the financial year ended 31 December 2021 together with the
Reports of the Directors and Auditor thereon, and to ratify actions taken for
the submission of the Financial Statements by the Secretary with the Cyprus
Registrar of Companies.

2.   To appoint NSP Sagehill Partners Ltd as auditor of the Company to hold
office from the conclusion of this meeting until the conclusion of the next
annual general meeting at which accounts are laid before the Company.

3.   To authorise the Directors to set the auditor's remuneration.

 

The Notice of AGM and Form of Proxy were sent to shareholders on 17 November
2022, and copies of these documents have been submitted to the National
Storage Mechanism and will shortly be available for inspection at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
(https://data.fca.org.uk/#/nsm/nationalstoragemechanism) . The Notice of
Meeting is also available on the Etalon Group website at www.etalongroup.com
(http://www.etalongroup.com)

 

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

E: etalon@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, 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 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 assets comprise 27 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.0 mln sqm, as well as a construction
and maintenance division. Colliers International valued the Company's total
assets at RUB 270 billion as of 31 December 2021.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with
EBITDA of RUB 17.9 billion.

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

 

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