Statement re Holdings in Company
Rambler Media Limited
HOLDINGS IN COMPANY
Rambler Media Limited (RMG.LN) (“Rambler Media” or the “Company”), the
operator of one of Russia’s most popular internet brands, today received
notification that ProfMedia group, the Company’s majority shareholder,
acting through its holding company, PM Invest Company Limited
(“ProfMedia”), has acquired 2,006,522 ordinary shares of US$0.01 each in
Rambler (“Ordinary Shares”), representing approximately 13.03 per cent.
of the Company’s issued Ordinary Share capital, from ING Bank N.V.,
London Branch (“ING”).
ING entered into a total return swap transaction (“TRS”) with ProfMedia
following the Reverse Accelerated Bookbuild transaction (the “ABB”),
which was announced on 12 November 2009 and resulted in ING holding
2,006,522 Ordinary Shares under the TRS. Following the receipt of the
relevant regulatory approvals, ProfMedia was permitted to increase its
stake in Rambler’s issued Ordinary Share capital to above 75 per cent.
Consequently, the TRS was settled, enabling ProfMedia to acquire the
2,006,522 Ordinary Shares from ING.
As a result of the transaction, ProfMedia now holds 13,554,758 Ordinary
Shares, representing approximately 88.03 per cent. of the issued
Ordinary Share capital of Rambler. The shares were acquired at a price
of US$6.00 per Ordinary Share, being the same price per Ordinary Share
at which ProfMedia undertook the ABB, for a total consideration of
US$12,039,132.
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For further information, please visit www.ramblermedia.com
or contact:
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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.
