Statement re ANNOUNCEMENT BY PROF-MEDIA
Rambler Media Limited
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 made today by Prof-Media, the Company’s majority
shareholder. Rambler Media will make a further announcement subsequent
to the result of Prof Media’s reverse accelerated bookbuild.
“PROFMEDIA ANNOUNCES MARKET
PURCHASE OF RAMBLER
MEDIA SHARES”
“The ProfMedia group acting through its holding company PM Invest
Company Limited (“ProfMedia”) today launches a reverse
accelerated bookbuild (“reverse ABB”) to purchase shares in
Rambler Media Limited (RMG.LN, “Rambler”), the Russian
based internet media and services group.
Following acquisition of majority stake in December 2006, ProfMedia
became a majority shareholder of Rambler and currently owns 54.54% of
its shares. ProfMedia is one of the largest media and entertainment
groups in Russia with internet activities being one of its key lines of
business. It is ProfMedia’s intention to explore this business area
through further consolidation of Rambler. ProfMedia believes that both
it and Rambler will benefit from strategic advantages resulting from
consolidation.
Following the completion of the reverse ABB, ProfMedia may consider
de-listing Rambler from the AIM Market of the London Stock Exchange (“AIM”).
Should Rambler delist, the remaining Rambler’s shareholders will become
minority shareholders in a privately controlled unlisted company. This
would significantly reduce the liquidity and marketability of Rambler’s
shares. Therefore, ProfMedia strongly encourages shareholders to
participate in the reverse ABB.
ING is acting as the Company’s broker for the purchase of Rambler’s
shares.
For further information, please visit www.profmedia.ru/eng
or contact:
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ProfMedia
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ING Wholesale Banking
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Sergey Tikhonov
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Nathalie Bachich
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Tel. + 7 495 787 5335
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Tel. +44 (0) 20 7767 1000
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stikhonov@profmedia.ru
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nathalie.bachich@uk.ing.com
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Ekaterina Dolgosheeva
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Tel. + 7 495 787 5335
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edolgosheeva@profmedia.ru
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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 VorontsovKonstantin Vorontsov
Marina AnisimovaMarina Anisimova
Tel.
+7 495 745 3619Tel.
+7 495 745 3619
info@ramblermedia.com
oror
Strand
Hanson LimitedStrand
Hanson Limited
Stuart FaulknerStuart Faulkner
Liam BuswellLiam Buswell
Tel. +44 (0)
20 7409 3494Tel. +44 (0)
20 7409 3494
oror
Shared Value LimitedShared Value Limited
Nicolas DuperrierNicolas Duperrier
Mark
WalterMark
Walter
Tel. +44 (0) 20 7321 5010Tel. +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.
