REG-Rambler Media Limited RESPONSE TO ANNOUNCEMENT BY PROF-MEDIA
* Reuters is not responsible for the content in this press release.
http://www.businesswire.com/news/home/20091112005510/en
LONDON--(Business Wire)--
RESPONSE TO ANNOUNCEMENT BY PROF-MEDIA
Rambler Media Limited (RMG.LN) ("Rambler Media" or the "Company"), the operator
of one of Russia`s most popular internet brands, notes the following
announcement, set out in full below, made today by Prof-Media, the Company`s
majority shareholder, with regard to the reverse accelerated bookbuild (the
"ABB") that Prof-Media has undertaken, via ING, during the course of yesterday.
Rambler Media would note that the ABB is a market operation, which does not
involve the co-operation or approval of Rambler Media.
Rambler Media further notes that, as a result of the ABB, Prof-Media now holds
11,548,236 ordinary shares in the Company, equivalent to 75 per cent. of the
Company`s issued share capital.
The board of Rambler Media (the "Board") is seeking to discuss with Prof-Media
its general intentions with regard to the Company and particularly with regard
to a potential cancellation of the Company`s ordinary shares from trading on
AIM, under Rule 41 of the AIM Rules for Companies, (the "De-listing"), as
Prof-Media`s holding is now at the 75 per cent. level required to effect such
De-listing at a duly convened General Meeting of the Company.
Further announcements will be made as and when appropriate.
"PROFMEDIA ANNOUNCES RESULTS OF REVERSE ACCELERATED BOOKBUILD TRANSACTION"
"Further to the announcement made by ProfMedia group acting through its holding
company PM Invest Company Limited ("ProfMedia") on 11 November2009, ProfMedia
hereby announces the results of the reverse accelerated bookbuild ("reverse
ABB") to purchase shares in Rambler Media Limited (RMG.LN, "Rambler"), the
holding company of the Russian based internet media and services group.
Under the reverse ABB, ProfMedia acquired 3,149,754 shares in Rambler at a price
of USD 6.00 per share for a total value of USD 18,898,524, increasing its
holdings in Rambler to 75.00%, and ING Bank N.V., London Branch ("ING") acquired
2,006,522 shares in Rambler at a price of USD 6.00 per share or 13.03% of the
share capital of Rambler for a total value of USD 12,039,132.
ING has entered into a total return swap transaction ("TRS") with ProfMedia.
Although under the TRS ProfMedia has no right to the underlying shares, any
additional purchases by ProfMedia may include those shares in Rambler currently
held by ING, subject to the receipt of the relevant regulatory approvals.
ING was acting as broker and adviser to ProfMedia for the purchase of Rambler`s
shares.
***
For further information, please visit www.profmedia.ru/eng or contact:
ProfMedia ING Wholesale Banking
Sergey Tikhonov Nathalie Bachich
Tel. + 7 495 787 5335 Tel. +44 (0) 20 7767 1000
stikhonov@profmedia.ru nathalie.bachich@uk.ing.com
Ekaterina Dolgosheeva
Tel. + 7 495 787 5335
edolgosheeva@profmedia.ru
***
ABOUT PROFMEDIA
ProfMedia is one of the largest media and entertainment groups in Russia with
leading positions in quality entertainment. It attracts premium audiences in all
key segments of Russian media market. ProfMedia owns and operates a number of
well-known consumer brands, including: TV3, MTV-Russia, VH1-Russia and 2x2 in TV
broadcasting; Avtoradio, NRJ, Humor FM and Radio Alla in radio; Central
Partnership in film production and distribution; Cinema Park in theatrical film
distribution; Afisha in magazine publishing; www.rambler.ru, www.lenta.ru,
www.afisha.ru, www.101.ru and other brands in Internet.
For more information on ProfMedia, visit our corporate website at
www.profmedia.ru/eng."
***
For further information, please visit www.ramblermedia.com or contact:
Rambler Media
Konstantin Vorontsov
Marina Anisimova
Tel. +7 495 745 3619
info@ramblermedia.com
Strand Hanson Limited
Stuart Faulkner
Liam Buswell
Tel. +44 (0) 20 7409 3494
mail@strandhanson.co.uk
Shared Value Limited
Nicolas Duperrier
Mark Walter
Tel. +44 (0) 20 7321 5010
rambler@sharedvalue.net
***
ABOUT RAMBLER MEDIA
Rambler Media is an internet media and services group which operates or has
interests in leading Russian language internet brands including the Russian open
portal 'Rambler.ru', on-line newspaper 'Lenta.ru', product comparison website
'Price.ru', internet catalogue and navigation system 'Top 100' and contextual
advertising company 'Begun'.
Rambler Media`s shares are traded on AIM, the junior market of the London Stock
Exchange under the symbol 'RMG'.
For more information on Rambler Media, visit our corporate website at
www.ramblermedia.com.
Rambler Media Limited
Copyright Business Wire 2009
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters