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AvangardCo

May 6, 2010

Admission to the official list and commencement of unconditional dealings on the london stock exchange

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, is pleased to announce that its Global Depositary Receipts ("GDRs") have been admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange. Unconditional dealings in Avangard's GDRs will commence on the International Order Book at 9.00 a.m. today. The Company's GDRs will trade under the ticker symbol AVGR.

Avangard successfully completed an offering of 1,250,000 new ordinary shares in the Company (as represented by 12,500,000 GDRs), excluding the exercise of the over-allotment option. The Offering represents 20% per cent of the Company's issued ordinary share capital immediately after the Offering (before the exercise of the over-allotment option and approximately 22.3% per cent in the event of its exercise in full).

Troika Dialog acted as Global Co-ordinator, Lead Manager and Bookrunner for the Offering and NCB Stockbrokers Limited as Co-Lead Manager.

Commenting on today's announcement, Nataliya Vasylyuk, Chief Executive Officer of Avangard, said: "We are extremely pleased by the outcome of this Offering and are delighted to be listed on the London Stock Exchange. It has been a real success in what is clearly a difficult market. Avangard will use the proceeds primarily to finance the expansion and diversification of its egg business through capital expenditures and we look forward to implementing our growth strategy."

Also commenting on today's announcement, Oleg Bakhmatyuk, controlling shareholder and Chairman of the Board of directors of Avangard, said: "Avangard is an established success story with excellent prospects. Moreover, our successful IPO sends a strong signal that investors are interested in quality companies in Ukraine in general and the agriculture sector in particular."

 

 

 

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