Moscow, 11 December 2017. Russian Aquaculture (“Russian Aquaculture” or “the Company"), Russia’s largest aquaculture company, announces the successful completion of its secondary public offering (the “Offering”) of new ordinary shares of the Company (the “Shares”).
· The Company announces the completion of the placement of 8,338,998 Shares for a total of over RUB
1 billion, as part of the new share issue registered with the Central Bank.
· The placement price set by the Board of Directors on 30 November 2017 was RUB 120 per Share, giving the Company a market capitalisation at this price per share of RUB 10.5 billion.
· The Company’s free float amounts to approximately 9% of its increased share capital.
· The Company’s largest shareholder, Maxim Vorobyov, expressed support for the Company's strategy and participated in the Offering by open subscription, and now owns 41,391,833 shares (47.1% of the Company's expanded share capital).
· Otkritie Bank and Gazprombank acted as the joint global coordinators and bookrunners for the Offering. Otkritie Bank also acted as the broker for the Offering.
Commenting on the results of the Offering, Russian Aquaculture CEO Ilya Sosnov said:
“The SPO has raised funds to support the growth of the business and achieve a number of our strategic goals.
“We see great potential for the development of both the sector as a whole and Russian Aquaculture as a company in particular. The Company is interested in diversifying and expanding its sources of funding, including by attracting additional investors in future.
“I would like to welcome the Company’s new shareholders. Our team is extremely optimistic about the future of the Company and is fully focused on achieving all of our strategic goals.”
ABOUT RUSSIAN AQUACULTURE
Russian Aquaculture is one of the leaders in the production of Atlantic salmon and trout in Russia. Development of aquaculture is the Company’s strategic priority.
The Company’s core business areas include:
- Commercial farming of Atlantic Salmon in the Barents Sea in the Murmansk region
- Commercial farming of trout in lakes of the Republic of Karelia
- Producing smolt at the Company’s own facilities in Norway
The Company’s long-term development strategy aims to make it the largest player in Russia’s aquaculture segment, including production of own fry and primary processing of the Company’s own products.
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This document (the “Document”) has been prepared for the purpose of the proposed open subscription offering of securities of PJSC Russian Aquaculture, OGRN 1079847122332, INN 7816430057 (also the “Company”) in the form of thirty-two million, seven hundred sixty-nine thousand, two hundred twenty-three (32,769,223) newly issued uncertificated registered ordinary shares with a par value of one hundred roubles (RUB 100) each, state registration number 1-01-04461-D of 05 October 2017 (also the “shares”, “securities”, “securities of PJSC Russian Aquaculture”).
This Document is published for information purposes, solely and only in connection with the potential future offering of the securities of PJSC Russian Aquaculture.
This Document is not a prospectus, a resolution to issue securities, an offer to buy securities or any assets or to subscribe to securities or to sell the securities or any assets, is not a public offer or invitation to make offers, is not an advertisement of securities, guarantee or promise to sell securities or any assets or to offer securities or enter into any agreement, and should not be interpreted as such.
This Document must not be treated as and is not a recommendation to acquire securities of PJSC Russian Aquaculture or any other securities or assets mentioned herein.
This Document is not intended to serve as a basis for making any investment decisions.
The information contained in this Document may change considerably. This Document does not provide exhaustive information about PJSC Russian Aquaculture required for examining the Company, making any conclusions or investment decisions.
PJSC Russian Aquaculture and lead managers reserve the right to change, at any time and to any extent, any information in this Document without giving reasons or notice.
By serving this Document, neither the lead managers, nor PJSC Russian Aquaculture accept any responsibility, including responsibility for changing or updating this Document or correcting any inaccuracies found therein. Transfer, distribution or publication of this Document does not in any manner oblige the lead managers or PJSC Russian Aquaculture to affect any transactions. No information provided or mentioned in this Document gives rise to any contractual obligations.
No information about any plans and any future events contained in this Document is definite; it may differ significantly from facts and events, which will actually occur in the future. Any recipient of this Document shall use the information contained herein at their own discretion and risk.
Recipients of this Document shall be aware that it does not contain any representations or warranties or assurances or obligations with regard to future events and facts, and any actual future results, events and facts may differ materially from the information presented herein. Consequently, neither the lead managers and PJSC Russian Aquaculture nor their affiliates, employees, officers, representatives, agents, advisors or consultants provide (or will provide in the future) any representations, warranties, assurances or obligations with regard to the occurrence, accuracy, feasibility or attainability of such plans or any future events or facts.
Neither the lead managers nor PJSC Russian Aquaculture and its affiliates, employees, officers, representatives, agents, advisors or consultants shall bear any liability for any losses, direct or indirect, arising as a result of the use of this Document or information contained herein, or for any faults or omissions contained herein.
Neither PJSC Russian Aquaculture nor its shares have been registered or otherwise approved for issuance in jurisdictions other than the Russian Federation, and investors need to independently verify that these shares and their eligibility to buy such shares comply with the applicable laws of the jurisdictions of their incorporation and/or operations.
INFORMATION CONTAINED HEREIN IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECT OR INDIRECT, IN THE USA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTIONS WHERE THE OFFERING OR SALE OF SECURITIES IS PROHIBITED BY APPLICABLE LAWS. INFORMATION CONTAINED HEREIN MAY ONLY BE USED FOR INFORMATIONAL PURPOSES. IT IS NOT AND SHALL NOT BE TREATED AS THE OFFERING OF SECURITIES IN THE USA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION.
NO SECURITIES OF PJSC RUSSIAN AQUACULTURE HAVE BEEN OR WILL BE REGISTERED IN ACCORDANCE WITH THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) (THE “SECURITIES ACT”) OR IN ACCORDANCE WITH THE LAWS OF ANY STATE, AND THEY MAY NOT BE OFFERED OR SOLD IN THE USA.
THE OFFERING OF SECURITIES HAS NOT AND WILL NOT BE REGISTERED IN ACCORDANCE WITH THE APPLICABLE SECURITIES LAWS OF AUSTRALIA, CANADA OR JAPAN.
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