REG - Etalon Group PLC - Etalon to Obtain Primary Listing Status on MoEx

EtalonAnnouncement

15/05/2023 10:00

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RNS Number : 4106Z  Etalon Group PLC  15 May 2023

15 May 2023

 

Etalon Group Announces Intention to Obtain 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
its Board of Directors decided on 12 May 2023 to apply for a primary listing
on Moscow Exchange.

 

In 2011, Etalon Group received its primary listing on the main market of the
London Stock Exchange. Since 2020, the Company's global depositary receipts
(GDRs) have been traded, under the ticker ETLN, on the main market of Moscow
Exchange and included in its Level 1 quotation list.

 

The Company plans to change the status of its listing on Moscow Exchange to
primary by registering a prospectus for its existing GDRs with the Bank of
Russia 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
in the context of the procedure for receiving permission from the Bank of
Russia to allow existing GDRs to be publicly traded in Russia. The change of
Etalon Group listing status to primary is subject to approval by the Bank of
Russia.

 

The procedure for changing the listing status on Moscow Exchange will not
require any additional actions on the part of holders of the Company's GDRs
and will not place any restrictions on trading in Etalon Group's GDRs.

 

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 and marketing 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 and in the Level 1 quotation list of Moscow
Exchange since 31 January 2020 under the ticker ETLN.

 

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