29 Apr 2013 08:00
Announcement regarding PIK Group notification of the shareholders to exercise the pre-emptive right to purchase the shares of additional issue
LONDON, April 29 2013 - (PIK (LSE: PIK), a leading Russian residential developer, today announced the launch of the pre-emptive rights period for its shareholders to participate in its additional share issuance pursuant to the company's decision on the issuance of additional shares and the prospectus registered by the FSFM on 21 February 2013.
PIK has been informed that Nafta Moskva intends to participate in the additional share issue of the Company. Nafta Moskva will determine the scope of its participation in the additional share issue at a later stage, but it intends to avoid a dilution of its stake in the Company.
Disclaimer:
This communication is only being addressed to and is directed only at, persons who are in member states of the European Economic Area ("EEA") who are "qualified investors" within the meaning of Article 2(1)(e) of EU Directive 2003/71/EC as amended (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") ("Qualified Investors"). In addition, in the United Kingdom, this communication is only being distributed to and is directed only at, Qualified Investors who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which this communication relates will only be available to and will only be engaged in with, (a) in the United Kingdom, by persons who are Relevant Persons and (b) in any other member state of the EEA, by persons who are Qualified Investors. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
This communication is an advertisement and not a prospectus for the purposes of applicable measures implementing EU Directive 2003/71/EC as amended (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive") and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities.
This communication is not for public release, publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This communication is not and does not constitute or form a part of any offer of, or solicitation to purchase or subscribe for, any securities in the United States. Any such securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). Any such securities may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act. No public offering of securities will be made in the United States of America.
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About PIK-Group
PIK-Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in mass market residential property sector completing over 200 000 apartments of affordable housing across the country. The Group has a substantial diversified land bank of net selling area of 6.6 million square meters and a dedicated professional team with over 12,000 employees. Given its brand recognition and the scale of its operations, in 2008 the Russian Government included PIK on the list of the nation's strategically important companies. For more information please visit: http://www.pik-group.com