IBS Group Holding Limited
IBS Group Holding Limited: IBS Group becomes first Russian GDR listed on the Regulated Market of the Frankfurt Stock Exchange
IBS Group Holding Limited / Key word(s): IPO The information contained in this release is not intended for distribution, publication or disclosure in or within the United States of America, Canada, Australia or Japan. IBS Group becomes first Russian GDR listed on the Regulated Market of the Frankfurt Stock Exchange
Frankfurt am Main / Moscow, 9 November 2010: IBS Group Holding Ltd, Isle of Man ('IBS Group' or the 'Company'), one of the leading Russian IT services companies, today announced the successful completion of the listing of its Global Depositary Receipts ('GDRs') to the General Standard of the Regulated Market Segment of the Frankfurt Stock Exchange. As a result, IBS Group becomes the first Russian company to list its GDRs on the Regulated Market Segment of the Frankfurt Stock Exchange. The Company expects that the listing on the Regulated Market will further enhance the Company's profile in the investment community, increase the transparency regarding its business developments and contribute to the liquidity of its GDRs. As part of the listing on the Regulated Market, IBS Group will now be required to fulfill certain disclosure requirements, such as issuance of ad-hoc releases, which should benefit existing investors and increase the attractiveness of the GDRs for new investors. IBS Group was founded in 1992 and has successfully grown to become a leading provider of IT, programming and management consulting services for large Russian and multinational corporations across a wide range of sectors, including renowned German clients such as Deutsche Bank and Harman Becker. IBS Group operates within three business segments: IT services (IBS IT Services), software development (Luxoft) and online software delivery (Softkey). IBS Group has business operations in Russia, United Kingdom, Ukraine, Romania, USA, Canada, Switzerland, Germany, and Vietnam. For the financial year ended 31st March 2010, IBS Group generated consolidated revenues of USD 505.1 million and employed over 6,000 members of staff. IBS Group recently announced the approval of a dividend payment for FY 2009. The GDRs were included for trading in the Open Market of the Frankfurt Stock Exchange in 2007. Commenting on the listing, Anatoly Karachinsky, President and CEO of IBS Group, said: 'The listing on the Regulated Market of the Frankfurt Stock Exchange is an important step for IBS Group, but it also paves the way for other Russian companies in Germany. With today's listing we underline our commitment to high standards of investor relations best practice and improve the accessibility and attractiveness of our GDRs to investors. We believe that IBS Group offers investors an attractive opportunity to gain exposure to the Russian technology sector.' Barbara Georg, Head of Listing and Issuer Services of Deutsche Börse, commented: 'Our variety of markets and standards offer customized paths to the capital market. Companies in the General Standard meet the requirements of the harmonized capital market in Europe, and receive targeted attention in their peer group environment. They have access to international investors and benefit from very high liquidity. An IPO on the Frankfurt Stock Exchange is of particular interest to foreign companies because their shares or GDRs are listed in euro and the listing process is easy, cost efficient and fast.' For further information, please contact: IBS Group Holdings: Dmitry Ivanov (Investor Relations Director) Tel: +7 (495) 967 8000 Gamid Kostoev (Corporate Communications Director) Tel: +7 (495) 967 8000 FD: Dr. Lutz Golsch Tel: +49 (0)69 920 37 110 Victoria Gräfin Strachwitz Tel: +49 (0)69 920 37 185 Disclaimer The information contained in this press release is not intended for distribution, publication or disclosure in or within the United States of America, Canada, Australia or Japan. The information in this press release does not constitute an offer to sell or a solicitation of an offer to buy securities of IBS Group Holding Limited ('IBS Group' or the 'Company') in the United States of America, Canada, Australia or Japan nor shall there be any offer, solicitation or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful or subject to legal requirements or restrictions. The securities of the Company referred to in this press release may be sold or offered for sale in the United States of America only in compliance with the registration requirements of the U.S. Securities Act of 1933, as amended ('Securities Act') or, in the absence of such registration, pursuant to an exemption from, or in a transaction not subject to, the registration and qualification requirements of the Securities Act and applicable state and foreign securities laws. Subject to certain exemptions in accordance with the Securities Act, the securities of the Company referred to in this press release may not be sold or offered for sale in Australia, Canada or Japan or for the account of Australian, Canadian or Japanese residents. There is no registration of the offer or the sale of the securities of the Company referred to in this press release according to the respective legal requirements of Canada, Australia and Japan. There will be no public or private offering of the Company's securities in the United States of America. This press release is solely for informational purposes and does not constitute a prospectus or other offering document. Potential investors are hereby advised that they should make their investment decision in regard to the securities of the Company referred to in this press release solely on the basis of the information contained in the Prospectus dated November 5, 2010 (as supplemented from time to time, the 'Prospectus') published by the Company and approved by the German Federal Financial Supervisory Authority (BaFin). The Prospectus is available free of charge from the Company on the website www.ibsgr.com.
This press release contains forward-looking statements. Forward-looking statements are not statements of historical fact and reflect the current assessments, views, assumptions and beliefs made by the management of IBS Group according to the information available as of the date of this press release about future events, operating performance, financial condition, business strategy, the Company's plans and objectives for future operations and the industry in which it operates. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, including without limitation, the risk factors described in the Prospectus, any of which can lead to the results of operations, profitability, performance or the profits of IBS Group significantly from the results of operations, profitability, performance or the profits as expressly described in these forward-looking statements or to be implicitly assumed from them. In view of these risks, uncertainties and other factors, the readers of this press release should not place undue reliance on these forward-looking statements. IBS Group undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future events or developments or otherwise. All subsequent written and oral forward-looking statements attributable to IBS Group, and those acting on its behalf, are expressly qualified in their entirety by the foregoing. End of Corporate News 09.11.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | IBS Group Holding Limited Kissack Court, 29 Parliament Street IM8IJA Ramsey Großbritannien |
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Phone: | +7 495 967 80 00 | |
Fax: | +7 495 967 80 99 | |
E-mail: | ibsgr@com | |
Internet: | www.ibsgr.com | |
ISIN: | US4509391037 | |
WKN: | A0MJ2Z | |
Listed: | Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin | |
End of News | DGAP News-Service |
102795 09.11.2010 |