REG - Etalon Group PLC - Etalon Launches Change of the Depositary

EtalonAnnouncement

17/05/2023 08:00

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RNS Number : 7144Z  Etalon Group PLC  17 May 2023

17 May 2023

 

Etalon Group Launches the Procedure for Changing the Depositary

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces that
it has agreed to change the depositary managing its Global Depositary Receipts
(GDRs) Programme.

The current operator of the Company's global depositary receipts is the Bank
of New York Mellon, which provides depositary services to Etalon Group in
accordance with the deposit agreement dated 12 April 2021. The Company has
agreed to appoint RCS Issuer Services S.AR.L. as its new depositary within the
time period established by the current deposit agreement.

Holders of Etalon Group's GDRs are not required to take any action in
connection with the change of the depositary.

 

For more information on the new depositary, 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 over 5,800 people, and its nationwide sales
and marketing network covers 35 Russian regions.

 

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 have been listed 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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