DGAP-News: IBS Group Holding Limited: IBS Group becomes first Russian GDR listed on the Regulated Market of the Frankfurt Stock Exchange
(firmenpresse) - DGAP-News: IBS Group Holding Limited / Key word(s): IPO
IBS Group Holding Limited: IBS Group becomes first Russian GDR listed
on the Regulated Market of the Frankfurt Stock Exchange
09.11.2010 / 07:30
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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
- Leading Russian IT services company completes upgrade to General
Standard of Frankfurt Stock Exchange
- Listing increases transparency and underlines IR best practice at IBS
Group
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
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Language: English
Company: IBS Group Holding Limited Kissack Court, 29 Parliament
Street IM8IJA Ramsey Großbritannien
Phone: +7 495 967 80 00
Fax: +7 495 967 80 99
E-mail: ibsgr(at)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
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102795 09.11.2010
Datum: 09.11.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 32522
Anzahl Zeichen: 0
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Kategorie:
Business News
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