E-Malt.com News article: Russia: Baltika Brewery shares trade to be suspended as from October, 5

On July 5, 2012 the official site of the MICEX posted information that trades with the ordinary shares of Baltika Brewery will be suspended from October 5, 2012. This decision was due to the fact that the company has filed an application for delisting of its shares from the stock exchange and expects to receive official approval from MICEX in the near future.

The decision to cease trading of Baltika Brewery shares on stock exchanges was taken by the board of directors of Baltika Brewery on March 30, 2012 due to low liquidity of stocks and low trading volume. Delisting will also allow the company to reduce the relevant administrative costs connected with being a publicly quoted company on the exchange.

The last day of trading of Baltika shares on the MICEX will according to decision be October 4, 2012. Until that date the owners of the shares can sell their securities directly in the stock market, after that date further transactions with the shares may be carried out only in the off-board market.

Currently shareholders of the company have the opportunity to sell shares according to a voluntary offer of Baltic Beverages Holding Aktiebolag, a subsidiary of Carlsberg. The proposed purchase price for the securities is 1550 rubles per share. Shareholders who wish to take advantage of this offer, should apply to one of 11 addresses of acceptance of applications for drawing up the required documents no later than August 9, 2012.

Baltika Breweries, OJSC is one of the largest manufacturers of consumer goods in Russia, and since 1996 it has been a leader in Russian beer market. Baltika is part of Carlsberg Group. The Baltika brand is the largest in Europe in terms of sales (Euromonitor). The company owns and runs factories in 10 Russian cities; one brewery in Azerbaijan; and a diversified brands’ portfolio. Baltika Breweries is a leading exporter of Russian beer. Its production is represented in more than 75 countries, accounting for 70 per cent of all Russian beer exports.


13 July, 2012