ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest residential real estate developers, announces that its annual general meeting of shareholders (“AGM”) will be held at Griva Digeni, 36B, 4th floor, Flat/Office 403, 1066, Nicosia, Cyprus on Wednesday, 18th of December 2024, at 11 a.m. Cyprus time.
The following resolutions will be proposed at the AGM:
ORDINARY RESOLUTIONS:
1. To receive and approve by way of ordinary resolution the Company’s Consolidated Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditor thereon and the Company’s stand-alone Financial Statements for the financial year ended 31 December 2023 together with the Reports of the Directors and Auditor thereon, and to ratify actions taken for the submission of the Financial Statements by the Secretary with the Cyprus Registrar of Companies.
2. To appoint NSP Sagehill Partners Ltd as auditor of the Company to hold office from the conclusion of this meeting until the conclusion of the next annual general meeting at which accounts are laid before the Company.
3. To authorize the Directors to set the auditor’s remuneration.
Holders of depositary receipts can submit voting instructions until 13 December 2024, inclusive. The RCS Issuer Services S.AR.L Depositary will provide an opportunity to submit instructions after registration on the Depositary's website https://rcsgroup.lu/signin/. The relevant information will be published on the Depositary's website. Holders of depositary receipts will also be able to submit instructions through their brokers and custodians through European clearing systems..
For more information on submitting voting instructions, please visit https://www.etalongroup.com/investor-relations/presentations/
The Notice of AGM and Form of Proxy will be sent to shareholders in due time. If you have not received the Notice of AGM and the Proxy form, please contact the Company Secretary andreas@petsasllc.com or the depository operations@rcsgroup.lu
This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/
Contact Information
Etalon Group
IR Team
E: ir@etalongroup.com
EM
About Etalon Group
Founded in 1987, Etalon Group is one of Russia’s largest development and construction companies. In 2021, the Company began a regional expansion programme and has already launched new projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With a 37-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 delivered 9.0 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group is able to create 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 almost 6,000 people, and its nationwide sales network covers 35 regions of Russia.
Etalon Group’s assets comprise 32 projects at the design and construction stages in 8 regions, unsold inventory at completed residential complexes and commercial properties with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group’s assets as of 31 December 2023 was RUB 303 billion.
In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.
The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.
Etalon Group’s GDRs have been traded on Moscow Exchange (ticker ETLN) since February 2020.