MAIL.RU GROUP LIMITED to Increase GDR Block Listing
OREANDA-NEWS. Mail.ru Group Limited (the “Company”), today announces that the following prospectus has been approved by the UK Listing Authority and is available for viewing: Prospectus dated July 18th, 2014 relating to global depositary receipts representing interests in ordinary shares of the Company (the “GDRs”).
The increase of the Company’s block listing of the GDRs is in connection with the intended conversion (the “Proposed Conversion”) of all Class A shares owned by MIH Mail Investment Company BV (“MIH”), 17,024,000 Class A shares owned by New Media and Technology Investment L.P. (“NMT”) and 8,883,900 Class A shares owned by Ardoe Finance Limited (“Ardoe”) into ordinary shares. Following the intended conversions, which the Company has been informed will take place by July 25th, 2014, the total percentage of votes capable of being cast at a General Meeting by NMT and Ardoe shall be equal to 64.6%, and the total percentage of votes capable of being cast at a General Meeting by MIH shall be equal to 12.5%.
No GDRs have been offered or marketed to the public in the UK or elsewhere in connection with the publication of this Prospectus, which has been published solely to increase the size of the Company’s GDR block listing to accommodate all the GDRs that could be issued were the Company’s entire ordinary share capital upon the Proposed Conversion deposited into the GDR facility.
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