VERTICAL INTEGRATION OF BUSINESS

VERTICAL INTEGRATION OF BUSINESS

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In April 2010, Avangardco Investments Public Limited completed the Initial Public Offering (IPO) of its new ordinary shares in the form of Global Depositary Receipts (GDRs).

IssuerAvangardco Investments Public Limited, Cyprus
Deal Size1,437,500 new ordinary shares in the form of GDRs (following the exercise of the over-allotment option)
Conversion Ratio10 GDRs = 1 share
10 ADRs* = 1 share
ListingMain Market (International Order Book), London Stock Exchange
TickerAVGR LI
Offer PriceUSD 15.0 per GDR
Free Float22.5 %
ProceedsUSD 208 million
Use of ProceedsFinalization of the capacity expansion programs at Avis and Chornobaivske poultry complexes.
SyndicateTroika Dialog, Sole Global Coordinator and Bookrunner 
NCB, Co-lead Manager

*Over-the-Counter (OTC) traded American Depositary Receipt (ADR) program, with BNY Mellon acting as the depositary bank, was established back in September 2010. Conversion ratio: 1 GDR=1 ADR

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