| Etalon Group Limited / Miscellaneous - Medium Priority Etalon Group Landbank Valuation Announcement Date 10-March-2017 / 08:30 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 10 March 2017 Etalon Group Landbank Valuation Announcement Date On Monday, 13 March 2017, Etalon Group Limited (LSE: ETLN) will announce the updated valuation of its landbank as of 31 December 2016, conducted by JLL. Details of the updated valuation will be made available on the Company's website: www.etalongroup.com. This and other recent announcements are available on the Etalon Group website: http://www.etalongroup.com/investors/news/ Etalon Group IR Team T: +44 20 8123 1328 E: info@etalongroup.com EM Sam VanDerlip T: +44 7554 993 032 T: +7 499 918 3134 E: vanderlip@em-comms.com About Etalon Group Founded in 1987 by Viacheslav Zarenkov, Etalon Group has become one of Russia's largest development and construction corporations. The Company focuses on middle class residential real estate in the Moscow and St. Petersburg metropolitan areas, where it operates through Etalon Invest and LenSpetsSMU subsidiaries. With a 29-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry - since its inception, Etalon Group has commissioned 5.4 million sqm. Etalon Group's strong reputation among consumers supports its pre-sales business model, which helps the Company to minimise external financing needs for on-going projects while maintaining a secure liquidity position: net debt as of 31 December 2016 was RUB 7.8 billion. The Company is vertically integrated, which helps it to control costs, quality and timing, as well as to demonstrate best-in-class profitability. Etalon Group employs 5,000 people, and its nationwide sales and marketing network covers 49 Russian cities. As of 31 December 2015, Etalon Group's portfolio comprised 28 projects, with a total of 2.72 million sqm of unsold net sellable area. JLL valued this portfolio at RUB 104,384 million. For the year ended 31 December 2016, Etalon Group's new contract sales totalled 496 ths sqm, or RUB 47,443 million. Deliveries in 2016 amounted to 420 ths sqm. Etalon Group Limited's GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011. The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de/ukreg |
| Language: | English |
| Company: | Etalon Group Limited |
| Redwood House, St Julians Avenue | |
| GY1 1WA St Peter Port | |
| Guernsey | |
| Phone: | +44 (0)20 8123 1328 |
| Fax: | +44 (0)20 8123 1328 |
| E-mail: | info@etalongroup.com |
| Internet: | http://www.etalongroup.com |
| ISIN: | US29760G1031 |
| Listed: | Foreign Exchange(s) London |
| Category Code: | MSCM |
| TIDM: | ETLN |
| Sequence No.: | 3931 |
| End of Announcement | EquityStory.RS, LLC News Service |
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552727 10-March-2017
