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Cherkizovo resumes additional share offering

11 november 2011
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Cherkizovo Group, a vertically integrated agro-industrial company, has resumed its additional share issue which had been suspended since October 12, 2011, after the Federal Financial Markets Service registered unspecified changes in the decision on the additional issue. As reported earlier, in May 2011, Cherkizovo's shareholders had decided to upsize the company's share capital by 3.95% to RUB 447,280 (approx. USD 14,650) by placing 1.7m shares with a market value of RUB 854.8 (approx. USD 27.7) per share. The company's shareholders did not exercise their preemptive right to purchase the issued shares. Part of the proceeds raised during the issue will go towards financing the purchase of Mosselprom poultry plant.

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