BELUGA GROUP announces completion of its own shares buyback
BELUGA GROUP (MOEX: BELU), the spirits company in Russia, today announces that it has completed its buyback of shares based on the resolution of the extraordinary shareholder meeting on 20 December 2017.
The number of shares offered in the buyback is 5 579 199, which is 100.45% of the amount which was authorized at the shareholder meeting to be acquired in order to reduce the share capital of the company ( 5 554 049 shares, corresponding to 22% of the current share capital).
The offered shares purchased by the company on a pro rata basis 99.55% (rounded to two decimal places) at a price of 600 RUB per share. After the repurchase of 5 554 049 shares, the company’s authorized share capital will be 19 400 000 shares. The main buyback’s target was simplification and optimization of the equity holding structure.
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Additional information:
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Prokhor Malyutin PR Director
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BELUGA GROUP |
tel: +7 495 510 26 95 fax: +7 495 510 26 97
e-mail: malyutin@belugagroup.ru |
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Sergey Kuptsov Director, Corporate finance |
BELUGA GROUP |
tel: +7 495 510 26 95 fax: +7 495 510 26 97
e-mail: ir@belugagroup.ru |
About BELUGA GROUP:
BELUGA GROUP is the leading spirits Group in Russia with a 16% share of the legal vodka market in Russia. The Company`s strategic focus lays on production and distribution of alcoholic beverages. BELUGA GROUP is #1 Russian independent importer of spirits. BELUGA GROUP possesses its own distributional platform, ensuring the largest possible market coverage, and diversified portfolio of brands, addressing market demands across the full spectrum of price points, from the low-middle to the super-premium price segments.
The Company`s brand portfolio includes super-premium vodka Beluga, premium vodka Veda, sub-premiгm vodkas Myagkov and Russky Lyod, middle price vodka Belenkaya, low-middle vodka Gosudarev Zakaz, brandy Zolotoy Reserv, Staraya Gvardia, Bastion. The Company operates six spirits production plants and one of the largest distributional platform in Russia. BELUGA GROUP is the exclusive distributor of one of the global premium spirits producer William Grant & Sons, representing in Russia such brands as Scottish whisky Glenfiddich, Grant’s, Clan McGregor, The Balvenie, gin Hendrick’s and Irish whisky Tullamore Dew. In addition to this, the Company distributes also the products of French house of Camus cognac. Also the imported portfolio of BELUGA GROUP includes Ron Barcelo rum, Milagro tequila, absinthe Xenta, Buffalo Trace and Benchmark
bourbons, brandy Torres and the balms line of Latvijas balsams, Cono Sur wines.