KYIV, UKRAINE – AVANGARDCO INVESTMENTS PUBLIC LIMITED (LSE: AVGR) (the “Company” or “Avangard”), the leading producer of shell eggs and egg products in Ukraine, announces its newly established Over-the-Counter (OTC) traded American Depositary Receipt (ADR) program, with BNY Mellon acting as the depositary bank. Ten Avangard ADR shares represent one Avangard ordinary share. Avangard's Global Depositary Receipt (GDR) program remains unchanged.
On May 6, 2010, Avangard successfully completed an offering of 1,250,000 new ordinary shares in the form of GDRs on the London Stock Exchange, raising $187.5 million. Upon completion of the over-allotment option, 1,387,185 new GDRs were issued, raising the total offering size to $208 million.
For further information please contact:
FD London
Ben Foster
Marc Cohen
+44 20 7831 3113
FD Moscow
eonid Solovyev
+7 495 795 06 23
For investor relations enquiries:
Victoria Korolchuk
Avangard
Head of Investor Relations
phone.: +38 044 593 28 60
mob.: +38 067 214 84 23
e-mail: v.korolchuk@avangard.co.ua