REG - Etalon Group PLC - Etalon Receipts Primary Listing on Moscow Exchange

EtalonAnnouncement

10/07/2023 08:45

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RNS Number : 4857F  Etalon Group PLC  10 July 2023

10 July 2023

 

Etalon Group Announces Receipt of Primary Listing Status on Moscow Exchange

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces that
on 7 July 2023 the Bank of Russia decided to register a prospectus for the
Company's global depositary receipts (GDRs) in accordance with Regulation of
the Bank of Russia No. 714-P of 27 March 2020 and Directive of the Bank of
Russia No. 5951-U of 29 September 2021 and to allow Etalon Group's GDRs to be
publicly traded in Russia. Therefore, the Company has completed the procedure
for changing its listing status on Moscow Exchange to primary.

Since 2011, Etalon Group has been listed on the main market of the London
Stock Exchange. Since 2020, the Company's GDRs have been traded, under the
ticker ETLN, on the main market of Moscow Exchange and included in its Level 1
quotation list.

Changes in the Company's listing status on Moscow Exchange do not place any
restrictions on trading in Etalon Group's GDRs and do not require any
additional actions on the part of GDR holders.

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

 

Contact information

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: 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 have been listed on the Main Market of the London Stock
Exchange since 20 April 2011 (under the ticker ETLN) and included in the Level
1 quotation list of Moscow Exchange since 31 January 2020.

 

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