REG - Etalon Group PLC - Results of Annual General Meeting

EtalonAnnouncement

01/12/2021 10:00

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RNS Number : 2028U  Etalon Group PLC  01 December 2021

1 December 2021

 

Results of Annual General Meeting

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established residential real estate developers, held its annual
general meeting of shareholders ("AGM") on Wednesday, 1st of December 2021, at
11 a.m. Cyprus time, at 36 Agias Elenis str., Galaxias Building, Block B, 6th
floor, office 602, 1061, Nicosia, Cyprus.

 

The following ordinary resolutions were proposed at the AGM and each of the
following resolutions was passed by the requisite majority of votes.

 

ORDINARY RESOLUTIONS:

 

1.   To receive and approve the Company's Consolidated Financial Statements
for the financial year ended 31 December 2020 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 2020 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 approve the declaration and distribution of a final dividend for the
year ended 31 December 2020 in the amount of RUB 9.39 per share, out of the
Company's divisible profits, in accordance with the recommendation of the
board of directors of the Company, such dividend to be payable on the 16th of
December 2021 to shareholders on record as at the 10th of December 2021.
Payment will be made in US dollars at the Central Bank of the Russian
Federation exchange rate fixed 3 business days before the date of payment.

3.   To appoint DELOITTE LIMITED 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.

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

 

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

Sam VanDerlip

T.: +44 207 002 7859

E: vanderlip@em-comms.com (mailto:vanderlip@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.
With a more than 30-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 more than 7.5 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 total assets comprise 20 projects under development, unsold
inventory at completed residential complexes and commercial properties, with
total unsold NSA of 2.8 million sqm, as well as a construction and maintenance
division. Colliers International valued the Company's total assets at RUB 204
billion as of 31 December 2020.

In 2020, Etalon Group's new contract sales totalled 538 ths sqm, or RUB 79.9
billion. Deliveries in 2020 amounted to 540 ths sqm.

The Company's revenue in 2020 amounted to RUB 78.7 billion, with EBITDA of RUB
12.6 billion.

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

 

 

 

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