BELUGA GROUP announces extraordinary general meeting of shareholders

BELUGA GROUP - the largest spirits company in Russia, today announces the Board of directors decision on calling of an extraordinary general meeting of shareholders. The extraordinary general meeting of shareholders will consider partial buy-back of its ordinary shares aimed to reduce the authorized capital stock of the Company.

Details of extraordinary general meeting of shareholders are the following:

-          form of the meeting – an absentee voting;

-          date of drawing up the list of the persons having the right to participate the meeting – 27 November 2017, end of operating day;

-          voting applications will be sent by mail to shareholders;

-          expiration date of voting applications acceptance – 20 December 2017; in the shareholders meeting will take a part those shareholders, who sent their applications before the expiration date of voting applications acceptance;

-          the postal address for sending the completed applications – 127137, Russian Federation, Moscow, PO Box 54.

It will be offered to shareholders to consider a matter of reducing the authorized capital stock of the Company for the amount of 5 554 049 ordinary shares (22% of authorized capital stock) via acquiring shares with simultaneous cancellation. Also, the Board of directors established the buy-back price at RUB 600 per one ordinary share of the Company, which is average market share price for the period from May to October, 2017 according to MOEX data.

Each shareholder of the Company will have the right to sell the shares, and the Company will be obliged to buy them. In case if total declared number of the shares will exceed the amount of 5 554 049 the Company will buy-back on pro rata basis.

The Company’s buy-back of its own shares is initiated in order to support its share price and to simplify the structure of shares capital.

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Additional information:

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-premuim 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, and Sambuca liqueurs, Milagro tequila, absinthe Xenta, Buffalo Trace and Benchmark
bourbons, brandy Torres and the balms line of Latvijas balsams, Cono Sur wines.

The combination of strong portfolio of brands, strong production base and developed sales system supports BELUGA GROUP`s competitive advantages and profound organic growth year on year.

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