ETALON GROUP PLC (“ETALON GROUP” or the “Company”) announces that it has received official consent from the Cyprus Registrar of Companies to transferring its registered office outside the Republic of Cyprus as part of its redomiciliation to the Russian Federation.
After obtaining official consent to change its jurisdiction, the Company submitted documents for registration in the special administrative district on Oktyabrsky Island in the Kaliningrad region of the Russian Federation as International Public Joint Stock Company Etalon Group (abbreviated as “IPJSC Etalon Group” and hereinafter referred to as “IPJSC”) in accordance with the procedure stipulated in the Federal Law on International Companies.
The management company for the special administrative district will now review the submitted documents and forward them to the Bank of Russia for the IPJSC’s share registration, after which the Russian registration authority will carry out the state registration of the IPJSC in the Russian Federation. In accordance with the applicable law, these steps must be completed within 35 days.
Following registration of the IPJSC in Russia, the Russian registrar will begin maintaining the IPJSC’s shareholder register. In addition, in the list of securities admitted to trading on Moscow Exchange, the global depositary receipts (GDRs) of ETALON GROUP PLC will be replaced with shares of IPJSC Etalon Group, and the procedure for converting the GDRs into shares of the IPJSC will be carried out.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.