ADMISSION TO TRADING ON UKRAINIAN STOCK MARKET

RNS Number : 7552D

Ukrproduct Group Ltd

02 February 2015

 

FOR IMMEDIATE RELEASE                                                                                 February 2, 2015

ADMISSION TO TRADING ON Ukrainian stock market

Kyiv, Ukraine - 2 February 2015 - 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 the Company's shares have been admitted to trading on the Ukrainian stock market with the effect from the date of this notice. No new ordinary shares have been issued and accordingly the total number of shares in issue remains unchanged.

As previously announced ordinary shares of the Company of 10 pence each have been approved for admission to trading on the Ukrainian Stock Market pursuant to the resolution of the National Commission on Securities and Stock Market of Ukraine dated January 14^th, 2014. However due to a number of delays which were outside of the Company's control and were caused by the necessity to finalize the formalities between the regulators the launch of trading has become possible as of February 2015.

Ukrproduct Group Ltd is the first Ukrainian Company listed outside of Ukraine to be admitted to trading on the Ukrainian Stock Market.

Sergey Evlanchik, CEO of Ukrproduct Group commented: "We are pleased to have completed the cross-listing of the Company's shares on the Ukrainian Stock Exchange alongside AIM LSE. We expect that the listing on the Ukrainian Stock Exchange will allow better access to the local investors and will contribute to improving 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 Adviser and Broker Stewart Dickson /  Jeremy Stephenson Tel: [phone]

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 21.1 million as at June 30, 2014 and consolidated revenues of approximately GBP 17.2 million for the six months ended June 30, 2014. 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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