Cherkizovo Group Reports on Placement of Additional Shares

Companies. Moscow. OREANDA-NEWS. June 01, 2011. At the extraordinary general shareholder’s meeting a decision was taken to increase authorized charter capital of the Group by placement of additional ordinary shares in the quantity of 1 700 000 (One million seven hundred thousand) of the nominal value of 0,01 (one hundredth) rouble each, reported the press-centre of Cherkizovo Group.

About Cherkizovo Group is a leading Russian vertically integrated, agro-industrial company with operations spread across the full production cycle — from feed production and breeding to meat processing and distribution. The holding company was formed in 2005 through a combination of the Cherkizovsky agro-industrial group and the Michailovsky agro-industrial group.

Our operations are structured into three operating divisions:

Meat Processing: we operate seven meat processing plants where we process raw meat into fresh and ready-to-cook products, and process it further into processed meat, sausages, hams and other products. The division also carries out associated sales and trading operations.

Poultry: this division consists of four production clusters, two processing facilities, a feed production plant and associated sales and trading operations.
Pork: these operations consist of seven state-of-the-art pig breeding and rearing complexes and feed production facilities. Building of three more pork complexes is under way.

We produce over 90% of the feed we need and distribute our produce via our own highly efficient logistics network. The Group is well represented in the key regions of Russia through its own network of distribution centres and sub-divisions.

The Group’s award-winning brand portfolio enjoys industry-leading consumer recognition, and includes the Petelinka, Chicken Kingdom, Cherkizovsky and Pyat' Zvezd brands.

Thanks to the right development strategy, active use of new technologies and highly skilled management and personnel, the Company continues to achieve impressive operational and financial results year after year.

Cherkizovo Group’s development strategy aims to further strengthen its leading market position by increasing capacities of existing facilities and the acquisition of new assets.