Kyiv, Ukraine – AVANGARDCO INVESTMENTS PUBLIC LIMITED (the "Company" or "Avangard"), one of the leading agro-industrial companies in Ukraine, focusing on the production of shell eggs and egg products, today announces that it has received notice from Troika Dialog (UK) Limited, acting as Stabilising Manager, that it has determined to exercise the over-allotment option in respect of an additional 137,185 Shares (corresponding to 1,371,850 GDRs).
Following the exercise of the over-allotment option, the global offering comprises of 1,387,185 new ordinary shares in the form of GDRs offered by the Company, corresponding to a total offer size of US$208 million. The Offering represents approximately 21.7% per cent of the Company's issued ordinary shares after the exercise of the over-allotment option.
Avangard's GDRs trade on the London Stock Exchange under the ticker symbol AVGR.
Troika Dialog acted as Global Co-ordinator, Lead Manager and Bookrunner for the Offering and NCB Stockbrokers Limited as Co-Lead Manager.