Etalon Group GDRs Start Trading on Moscow Exchange

03 February 2020

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies (LSE AND MOEX ticker: ETLN), announces that its global depositary receipts (GDRs) (ISIN US29760G1031) have started trading on Moscow Exchange today.

The Chairman of the Board of Directors of Etalon Group, Sergey Egorov; the Company’s CEO, Gennadiy Shcherbina; the Chairman of Moscow Exchange’s Management Board, Yury Denisov; and Etalon Group’s Chief Financial Officer, Kirill Bagachenko attended a ceremony to mark the start of trading.

Sergey Egorov, Chairman of the Etalon Group’s Board of Directors, said:

“Listing on Moscow Exchange is an important step for the Company in terms of improving the investment appeal of Etalon Group’s GDRs. Both international and Russian institutional investors value Moscow Exchange for its convenience and reliability. We are pleased that, starting today, a wide range of investors who were previously unable to acquire the Company’s GDRs on the London Stock Exchange will now be able to add securities from one of the largest companies in the Russian development market to their portfolios. In addition, access to Moscow Exchange enables us to be included in various stock indices, which we hope will contribute to further growth of Etalon Group’s share liquidity and market capitalisation.”

The Chairman of Moscow Exchange’s Management Board, Yury Denisov, noted:

“We are very pleased that a growing number of companies that already have listings on a foreign exchange have recognised the importance of an additional listing in Moscow. For Etalon Group this is an opportunity to expand its investor base and unlock additional demand for its shares, especially from private investors. This listing will enable domestic investors to diversify their portfolios with shares of a leading company in the promising and socially important construction sector. I wish Etalon Group success in this new page of its history as a Moscow-listed company.”

The Company earlier announced that Moscow Exchange had approved the listing of Etalon Group’s GDRs, which had been included in the Level 1 List.

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

Etalon Group IR Team

T: +44 20 8123 1328
E: info@etalongroup.com

EM

Sam VanDerlip
T: +44 207 002 7859
E: vanderlip@em-comms.com

About Etalon Group

Founded in 1987, Etalon Group is one of Russia’s largest development and construction companies. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has commissioned 7 million sqm of real estate.

The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 58 Russian cities.

In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow’s largest residential developers by size of land bank and number of projects currently available for sale.

Etalon Group’s total assets, including the aforementioned consolidation and 100% ownership of ZIL-Yug project, comprise 53 projects under development, completed residential and commercial properties, as well as a construction and maintenance division, with total unsold NSA of 4.0 million sqm. Knight Frank valued the Company’s total assets at RUB 206,071 million as of 31 December 2018.

For the year ended 31 December 2019, Etalon Group’s new contract sales totalled 630 ths sqm, or RUB 77,627 million. Deliveries in 2019 amounted to 622 ths sqm.

The Company recorded revenue of RUB 72.3 billion and EBITDA of RUB 5.7 billion for the year ended 31 December 2018.

Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.