Change of Co-Broker
Ukrproduct Group
CHANGE OF CO-BROKER
Kyiv, Ukraine – December 20, 2010 – Ukrproduct Group Limited (the “Companyâ€) (AIM: UKR), one of the leading producers and distributors of branded dairy products in Ukraine, announces that WH Ireland Limited (“WH Irelandâ€) has ceased to act as co-broker to the Company with effect from December 18, 2010. Metropol (UK) Limited will continue to act as broker to the Company and WH Ireland remains as the Company’s nominated adviser.
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For further information, please visit www.ukrproduct.com or contact:
Ukrproduct Group Ltd. Sergey Evlanchik Chief Executive Officer Tel: +38 044 502 8014 |
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Shared Value Limited
Investor Relations |
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WH Ireland Limited Robin Gwyn Tel: +44 161 832 2174 |
Metropol (UK) Limited Natalia Pastukhova Tel. +44 (0) 20 7439 6880 |
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Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products. The Group’s product portfolio includes processed and hard cheese, skimmed milk powder (SMP) and butter. Ukrproduct has built a range of recognisable product brands (“Our Dairymanâ€, “People’s Productâ€, “Creamy Valleyâ€, Molendamâ€, “Farmer’sâ€) that are well known and highly regarded by consumers. The Group has modern production facilities that comprise four dairy plants in western and central regions of Ukraine (Zhytomyr, Starokonstantyniv, Krasyliv and Letychiv) with a total annual integrated capacity of approximately 60,000 tons of dairy products. With its own fleet of more than 125 vehicles, Ukrproduct has one of the largest logistics and distribution networks in Ukraine which covers the country’s eight major cities. The Group reported total assets of approximately GBP 20.5 million as at June 30, 2010 and consolidated revenues of approximately GBP 20.7 million for the first six months of 2010. Ukrproduct’s securities are traded under the symbol “UKR†on AIM, a market operated by the London Stock Exchange.
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Group. You can identify forward looking statements by terms such as “expect,†“believe,†“anticipate,†“estimate,†“intend,†“will,†“could,†“may†or “might†the negative of such terms or other similar expressions. These statements are only predictions and they may differ materially from the actual events or results. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in such projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Ukraine, rapid technological and market change in our industry, as well as many other risks specifically related to the Group and its operations.