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On 15 May 2006 OJSC Cherkizovo Group successfully completed IPO of ordinary shares and Global Depositary Receipts ("GDRs").
Conditional trading in the GDRs commenced on the London Stock Exchange on 11 May 2006 under the symbol "CHE". On 15 May 2006 the GDRs were admitted to the UK Listing Authority's Official List. Since April 2006, Cherkizovo Group's ordinary shares are traded on the "B" Lists of the Moscow Stock Exchange and the Russian Trading System under the symbols "CHGR" and "GCHEG" respectively.
The offering comprised 109,881 ordinary shares, in the form of GDRs and ordinary shares. The offering represents approximately 28% of Cherkizovo Group's total issued share capital. The price was set at US$ 2,287.50 per share and US$ 15.25 per GDR, with a 150 GDRs representing one ordinary share.
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