RESPONSE TO ANNOUNCEMENT BY PROF-MEDIA
Rambler Media Limited
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
November 2009, 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:
***
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
Strand
Hanson LimitedStrand
Hanson Limited
Stuart FaulknerStuart Faulkner
Liam BuswellLiam Buswell
Tel. +44 (0)
20 7409 3494Tel. +44 (0)
20 7409 3494
mail@strandhanson.co.uk
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.
