Etalon Group PLC Notification of AGM

23.09.2020

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established residential real estate developers, announces that its annual general meeting of shareholders (“AGM”) will be held at 36 Agias Elenis str., Galaxias Building, Block B, 6th floor, office 602, 1061, Nicosia, Cyprus on Friday, 23rd of October 2020, at 11 a.m. Cyprus time.

The following resolutions will be proposed at the AGM:

ORDINARY RESOLUTIONS:

  1. To receive and approve the Company’s Consolidated Financial Statements for the financial year ended 31 December 2019 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 2019 together with the Reports of the Directors and Auditor thereon.

  2. To approve the declaration and distribution of a final dividend for the year ended 31 December 2019 in the amount of RUB 12 per share, out of the Company’s divisible profits, in accordance with the recommendation of the Board of Directors of the Company, such dividend to be payable on the 16th of December 2020 to shareholders on record as at the 20th of November 2020. Payment will be made in US dollars at the Central Bank of the Russian Federation exchange rate fixed 3 business days before the date of payment.

  3. To appoint DELOITTE LIMITED 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.

  4. To authorise the Directors to set the auditor’s remuneration.

The Notice of AGM and Form of Proxy were sent to shareholders on 23 September 2020, and copies of these documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Notice of Meeting is also available on the Etalon Group website at www.etalongroup.com

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: ir@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 57 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 comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as a construction and maintenance division. Colliers International valued the Company’s total assets at RUB 188 billion as of 31 December 2019.

For the year ended 31 December 2019, Etalon Group’s new contract sales totalled 630 ths sqm, or RUB 77.6 billion. Deliveries in 2019 amounted to 622 ths sqm.

The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.

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.