OJSC Cherkizovo Group (LSE: CHE), one of Russia’s leading integrated and diversified meat producers, announces the transfer of its bonds onto quotation list "A 1" at MICEX.
The Board of MICEX made the decision on March 14, 2012 to transfer Cherkizovo bonds from quotation list "A 2", where the bonds have traded before, to quotation list "A 1". This means that the Group has passed all necessary tests and met all requirements of the MICEX.
Cherkizovo bonds are documentary inconvertible interest bonds to bearer series 03 with an obligatory centralized storage series 03 of 3 000 000 (three million) bonds with a nominal value of 1 000 (one thousand) roubles per bond. Total nominal value of the bonds equals 3 000 000 000 (three billion) roubles. The bond issue was registered by the Federal Service for Financial Markets on December 30, 2009 with the registration number 4В02-03-10797-А.
Inclusion of a company’s bonds onto quotation list "A 1" is possible only if it satisfies the most stringent requirements regarding financial results, liquidity, corporate governance and procedures for information disclosure. The MICEX regulations regarding corporate governance and information disclosure correspond with the highest international standards. Inclusion on list "A 1" expands the potential bondholder base to include Russian non-government pension funds, management companies accredited by the Russian State Pension Fund, insurance companies and others.
Inclusion of the bonds on quotation list "A 1" at MICEX commences on March 20, 2012
Sergey Mikhailov, CEO of Cherkizovo Group, said: «Following the transfer of our shares to quotation list "A 1" on March 2, 2012, we are very pleased that MICEX has made the decision to transfer our bonds to this similar list. This reconfirms our commitment to the highest standard of corporate governance and reiterates the investment case and credit quality of our Company».
Petelinka, one of Cherkizovo Group’s flagship brands and the best-selling chicken product, has entered into partnership with the iconic GUM Ice Rink, which opens annually on Red Square. This year, visitors will have an opportunity to take a break in the cozy Petelinka cottage and take photos next to a Christmas tree standing on chicken legs.
Cherkizovo Group employees have held a volunteer event supported by the Ray Foundation for Helping Homeless Animals. They brought food, medicines and other useful supplies to two Moscow shelters and helped with dog walking.
Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.
Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.