MHP Announced Transaction in Own Shares
OREANDA-NEWS. October 9, 2012. Further to its announcement on 20 October 2011, MHP S.A. (“MHP” or the “Company”, LSE ticker: “MHPC”), one of the leading agro-industrial companies in Ukraine, focusing on the production of poultry and the cultivation of grain, announces that in Q3 2012 it has purchased about 1,000,000 Global depository receipts (“GDR”) with one GDR representing an interest in one ordinary share (“Share”) at an average price per GDR of US\\$14.5, through the share buyback programme. The number of repurchased GDRs constitutes approximately 1.0% of the Company's outstanding shares.
In total since the beginning of 2012 the Company has purchased approximately 3.3% of outstanding shares.
MHP (Myronivsky Hliboproduct) is one of Ukraine’s leading agro-industrial companies. Founded in 1998, the group primarily focuses on rearing chickens, and on producing and selling high-quality chicken products — principally under the “Nasha Ryaba” brand. For the past 9 years the “Nasha Ryaba” brand of chilled chicken has achieved more than 97% brand recognition, enabling it to be sold at a premium over its closest competitor.
MHP is structured in three segments:
Poultry and Related Operations (production of chilled chicken, frozen chicken, pre-cooked convenience food, sunflower oil).
Grain Growing Operations (corn, sunflowers, rape, wheat).
Other Agricultural Operations (sausages, cooked meat, premium fresh beef, foie gras, fruit).
As the leading poultry producer in Ukraine, according to the State Committee on Statistics of Ukraine (SCSU) MHP accounted for approximately 50% of all chicken commercially produced in the country in 2010.
In each week, the group has the capacity to process more than 3,6 million chickens to produce about 29 thousand tonnes of meat per month.
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