UNI - EN REPORT No15/2013
Industrial Milk Company S.A. informs that in connection with the termination of the REPO transaction (equity sale and repurchase transaction) between Unigrain Holding Limited (a sub-holding company of Industrial Milk Company S.A.) and RCB BANK LTD (a member of VTB group) on 19 December 2013, Unigrain Holding Limited has fully repaid the debt under REPO transaction to the amount of USD 5 078 400.
As a result of the above mentioned debt repayment 3 000 000 shares of Industrial Milk Company S.A. have been transferred back from RCB BANK LTD to their previous owner – Agrovalley Limited.
Legal grounds: Article 70.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies dated 29 July 2005. (Journal of Laws of 2005, No.184 item 1539 as amended)