Capital structure

ETALON GROUP PLC is a public limited Company incorporated under the Cyprus Companies Law with Global Depositary Receipts (GDRs) admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange under the ticker ETLN.

Prior to the IPO in April 2011, share capital of Etalon Group consisted of 223,529,400 ordinary shares, each par value of 0.00005 GBP,  which were fully paid and issued. Following the IPO, Etalon’s share capital consists of 294,957,971 issued and outstanding ordinary shares, each par value of 0.00005 GBP. 193,747,322 ordinary shares are deposited for the issuance of Global Depositary Receipts (GDRs) pursuant to the Deposit Agreement between Etalon Group and the Bank of New York Mellon. 191,637,559 shares are represented by Regulation S GDRs and 2,109,763 by Rule 144A GDRs under the United States Securities Act of 1933.

According to the IPO Prospectus Etalon Group may list up to 294,957,971 GDRs, therefore additional 188,814,048 ordinary shares may be deposited to issue GDRs under the UK Listing Authority block listing application.