REG - Ros Agro PLC - Inclusion in the list of ESO

Ros AgroAnnouncement

15/07/2024 11:15

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RNS Number : 4194W  Ros Agro PLC  15 July 2024

Rusagro Group PJSC is included by the Government of the Russian Federation in
the list of economically significant organizations

ROS AGRO PLC (hereinafter referred to as the "Company") announces that the
Government of the Russian Federation has included its subsidiary Rusagro Group
PJSC in the list of Economically Significant Organizations (ESO) on July
12(th), 2024. In this connection, the Ministry of Agriculture of the Russian
Federation received the right to appeal to the arbitration court with a
statement to suspend the Company's implementation of corporate rights in
relation to Rusagro Group PJSC.

In accordance with the Russian Federal law No. 470-FZ dated 4(th) August 2023
(hereinafter referred to as the "Law"), certain categories of persons related
to the business entities included in the list, and the federal executive
authority authorized by the Government of the Russian Federation received the
right to initiate legal proceedings that may result in the transfer of the
Russian subsidiary shares to the beneficial owners of the foreign holding
company.

The management of Rusagro Group will continue to analyze the situation and
take all necessary actions to protect shareholders' rights. Rusagro Group's
assets will operate in a standard mode. Also, ROS AGRO PLC informs that
inclusion in the list of ESO does not mean that the indicated actions will be
initiated on a mandatory basis.

This week Rusagro will hold an online conference where management will comment
on regulatory changes. Questions can be sent in advance to ir@rusagrogroup.ru.
The date and time of the call will be announced additionally.

 

 

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