Additional Listing on Ukrainian Stock Market

RNS Number : 0031Y

Ukrproduct Group Ltd

20 January 2014

 

                                                                                                                                      20 January, 2014

ADDITIONAL LISTING ON Ukrainian stock market

Kyiv, Ukraine - 20 January 2014 - Ukrproduct Group Limited ("Ukrproduct" or the "Group") (AIM: UKR), one of the leading Ukrainian producers and distributors of branded dairy foods and beverages, today announces that pursuant to the resolution of the National Commission on Securities and Stock Market dated January 14^th, 2014 the Company's shares have been approved to be admitted to trading on the Ukrainian stock market.

It is expected that 581,400 ordinary shares of 10 pence each will be admitted to trading on the Ukrainian Stock Market and the dealings are expected to commence shortly. No new ordinary shares have been issued and accordingly the total number of shares in issue remains unchanged.

The Directors believe that Ukrproduct Group Ltd is the first Company listed outside of Ukraine to be admitted to trading on the Ukrainian Stock Market since the adoption of new Regulations allowing the dealings in foreign securities in the territory of Ukraine in January 2013. The relevant official announcement of the National Commission on Securities and Stock Market (in Ukrainian language) can be found here - http://www.nssmc.gov.ua/press/news/nkcpfr_dopustila_akciyi_ukrproduct_group_ltd_do_obigu_na_ukrayinskomu_fondovomu_rinku.

Sergey Evlanchik, CEO of Ukrproduct Group commented: "We are pleased with the prospect of having the Company's shares admtted to trading on the Ukrainian Stock Exchange. We expect that the listing on the Ukrainian Stock Exchange will allow us to improve the liquidity of our shares."

For further information, please visit www.ukrproduct.com or contact:

Ukrproduct Group Ltd. Sergey Evlanchik Chief Executive Officer Tel: [phone] [e-mail]

Cantor Fitzgerald Europe Nominated Advisor and Broker Stewart Dickson / Julian Erleigh Tel: [phone] Jeremy Stephenson / Katie Ratner Tel: [phone]

Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy foods and beverages (kvass, a traditional fermented beverage). The Group's product portfolio includes processed and hard cheese, packaged butter, skimmed milk powder (SMP) and kvass. Ukrproduct has built a range of recognisable product brands ("Our Dairyman", "People's Product", "Creamy Valley", Molendam", "Farmer's") 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 200 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 35.2 million as at June 30, 2013 and consolidated revenues of approximately GBP 24.7 million for the six months ended June 30, 2013. Ukrproduct's securities are traded under the symbol "UKR" on AIM, a market operated by the London Stock Exchange. 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.

 

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