Corrective Statement

RNS Number : 1974M

Ukrproduct Group Ltd

26 July 2017

 



FOR IMMEDIATE RELEASE                                                                                    July 26 2017

UKRPRODUCT GROUP LIMITED

Corrective Statement

Kyiv, Ukraine - July 26, 2017 - In the announcement of 20 July 2017, it was stated that all resolutions put to shareholders at the Annual General Meeting of the Company (the "AGM") which took place on July 20, 2016, were duly approved.

The AGM in fact took place on 20 July 2017.

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For further information please contact:

Ukrproduct Group Ltd Jack Rowel, Non-Executive Chairman Alexander Slipchuk, Chief Executive Officer		Tel: [phone] www.ukrproduct.com
ZAI Corporate Finance Ltd. - Nominated Adviser and Broker John Treacy / Dugald Carlean		Tel: [phone] www.zaicf.com

Ukrproduct Group Ltd is one of the leading Ukrainian producers and distributors of branded dairy products and 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 reported total assets of approximately GBP 13.0 million as at December 31, 2016 and consolidated revenues of approximately GBP 20.2 million for the twelve months ended December 31, 2016. 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.

The information contained within this announcement is considered to be inside information prior to its release as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

 

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