Ordinary Share OfferingCherkizovo Group is pleased to announce the results of the offering by the Company of its ordinary shares, in relation to which it submitted on 20 May 2008 a placement notification to the Federal Service for the Financial Markets of the Russian Federation in accordance with the Russian law. As a result of the Offering the Company issued additional 3,505,055 ordinary shares, of which 493,447 ordinary shares were acquired by the Company's existing shareholders (including holders of GDRs acting through the depositary) pursuant to their statutory pre-emptive rights. The share capital of the Company immediately following the Offering constituted 43,069,355 ordinary shares, of which approximately 64% are directly or indirectly controlled by the Chairman of the Company's board of directors, Igor Babaev, and his family. The Company's gross proceeds from the Offering constituted approximately U.S.$82 million. The circulation of the ordinary shares issued as part of the Offering on the Russian secondary market will commence today.
The relevant documents, including the Board decision on the issue, the prospectus registered with, and the placement notification submitted to, the Federal Service for the Financial Markets of the Russian Federation, are available for review in Russian at the Company's office at Permskaya 5, Moscow 107143, Russian Federation.
This announcement is made in accordance with the Listing Rule 14.3.17 (Notifications relating to capital) of the U.K. Financial Services Authority.
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