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BIC Securities acted as lead arranger and financial advisor to the shareholders of Ovostar Union N.V., one of the largest whole egg and egg product producers in Ukraine, in IPO on Warsaw Stock Exchange (WSE). The Group placed 25.0% of shares and raised USD 33.2 mln
29/06/2011

Kiev, June 29, 2011 – Ovostar Union N.V. (ticker OVO) completed IPO on the Warsaw Stock Exchange (WSE) placing 25% of shares and started trading on the main floor on June 29. Investors have been allotted 1,500,000 newly issued shares in total which represents 25% of the share capital. Final offer price was set at the maximum price - PLN 62 (~USD 22.1), while the book was five times oversubscribed. The IPO value is PLN 93 million / USD 33.2 million, which implies market capitalization of PLN 372 million / USD 133 mln (30.06.2011). The net proceeds from the offering will be used for Capex supporting the plan to double the production capacity by 2013.

Ovostar Union (www.ovostar.ua) is one of the market leaders in production of eggs in Ukraine. It owns the most recognized shell egg brand in Ukraine - Yasensvit™ and first egg product brand in Ukraine Ovostar™. The company supplies multinational food companies such as Nestle and McDonald’s and international supermarkets such as Metro, Auchan and Billa (REWE Group). In 2010 the company produced 546.1 million shell eggs and 4.7 thousand tons of egg products. In 2010 the Group’s revenues reached USD 37 mln, while net profit and EBITDA reached USD 9.2 mln and USD 11.6 mln respectively.

BIC Securities acted as a Lead Arranger and Financial Advisor to the owners of Ovostar Union N.V.



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