PIK.L Regulatory News (PIK)

2 Jul 2007 08:06

PIK Group02 July 2007 THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS RESTRICTED AND NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, RUSSIA OR THE UNITED STATES OF AMERICA This press release is not a prospectus but an advertisement. Investors should not subscribe for any transferable securities referred to in this announcement except on the basis of information in the prospectus to be published by PIK Group in connection with the admission of GDRs representing PIK Group's shares to the Official List of the UK Financial Services Authority. EXERCISE OF THE OVER-ALLOTMENT OPTION In connection with the Offering of 74,000,000 ordinary shares of PIK GROUP, theSelling shareholders granted the Underwriters an Over-allotment Option,exercisable within 30 days from 1 June 2007, to purchase up to an additional7,515,000 Ordinary Shares in the form of GDRs at the offer price, solely tocover over-allotments in the Offering. Subsequent to the end of the 30 day period, the Company has been informed thatthe Underwriters have exercised the over-allotment option in part, amounting to3,168,094 GDRs, resulting in additional gross proceeds of approximately $79.2million to the Selling Shareholders. - END - Enquiries: PIK Group Tel: +7 (495) 291-67-54 Viktor Szalkay Citigate Dewe Rogerson Tel: +44 20 7638 9571 Tom Baldock Marina Zakharova *** This press release does not constitute or form part of any offer or invitationto sell, or any solicitation of any offer to purchase nor shall it (or any partof it) or the fact of its distribution, form the basis of, or be relied on inconnection with, any contract therefore. The offer and the distribution of thispress release and other information in connection with the listing and offer incertain jurisdictions may be restricted by law and persons into whose possessionany document or other information referred to herein comes should informthemselves about and observe any such restriction. Any failure to comply withthese restrictions may constitute a violation of the securities laws of any suchjurisdiction. This communication is only directed at (i) persons who are outside the UnitedKingdom or (ii) investment professionals falling within Article 19(5) of theFinancial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it maylawfully be communicated, falling within Article 49(2)(a) to (d) of the Order(all such persons together being referred to as "relevant persons"). The offeredsecurities are only available to, and any invitation, offer or agreement tosubscribe, purchase or otherwise acquire such securities will be engaged in onlywith, relevant persons. Any person who is not a relevant person should not actor rely on this communication or any of its contents. Any offer of securities to the public that may be deemed to be made pursuant tothis communication in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State,the "Prospectus Directive") is only addressed to qualified investors in thatMember State within the meaning of the Prospectus Directive. This press release may not be published, distributed or transmitted in or intothe United States. This press release does not constitute an offer to sell orthe solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered underthe United States Securities Act of 1933 (the "Securities Act") and may not beoffered or sold in the United States unless they are registered under theSecurities Act or pursuant to an exemption from registration. There will be nopublic offering of the securities in the United States. This press release is not an offer, or an invitation to make offers, sell,purchase, exchange or transfer any GDRs or shares in the Russian Federation orto the benefit of any Russian person, and does not constitute an advertisementof the GDRs or shares in Russian Federation and must not be passed on to thirdparties or otherwise made publicly available in the Russian Federation. The GDRshave not been and will not be registered in the Russian Federation and are notintended for "placement" or "public circulation" in the Russian Federation. This information is provided by RNS The company news service from the London Stock Exchange