Ukrproduct Group Ltd Board Changes (6463X)
May 09 2016 - 4:15AM
UK Regulatory
TIDMUKR
RNS Number : 6463X
Ukrproduct Group Ltd
09 May 2016
FOR IMMEDIATE RELEASE 9 May 2016
BOARD CHANGES
Kyiv, Ukraine - 9 May 2016 - Ukrproduct Group Limited
("Ukrproduct" or the "Group") (AIM: UKR), one of the leading
Ukrainian producers and distributors of branded dairy foods and
beverages (kvass), today announces changes to board
responsibilities. Effective immediately, Sergey Evlanchik is
stepping down from the role of Chief Executive Officer whilst
remaining on the Board as an executive director. He is succeeded in
the CEO role by Alexander Slipchuk who joined Ukrproduct Group in
1998. He has an in depth experience of the group and was
responsible for bringing on the successful kvass beverage.
***
For further information, please visit www.ukrproduct.com or
contact:
Ukrproduct Group Ltd
Jack Rowell, Non-Executive Tel: 07802 890 013
Chairman
ZAI Corporate Finance Ltd.
Nominated Adviser and Broker Tel: +44 20 7060 2220
Peter Trevelyan-Clark, Jamie www.zaicf.com
Spotswood, Irina Lomova
Ukrproduct Group Ltd is one of the leading Ukrainian producers
and distributors of branded dairy products and kvass, a traditional
fermented beverage. The Group's product portfolio includes
processed and hard cheese, packaged butter, skimmed milk powder
(SMP) and kvass. Ukrproduct has built a range of recognisable
product brands ("Our Dairyman", "People's Product", "Creamy
Valley", "Molendam", "Farmer's") that are well known and highly
regarded by consumers. The Group reported total assets of
approximately GBP 13.5 million as at June 30, 2015 and consolidated
revenues of approximately GBP 9.8 million for the six months ended
June 30, 2015. Ukrproduct's securities are traded under the symbol
"UKR" on AIM, a market operated by the London Stock Exchange.
Some of the information in this press release may contain
projections or other forward-looking statements regarding future
events or the future financial performance of the Group. You can
identify forward looking statements by terms such as "expect,"
"believe," "anticipate," "estimate," "intend," "will," "could,"
"may" or "might" the negative of such terms or other similar
expressions. These statements are only predictions and they may
differ materially from the actual events or results. We do not
intend to update these statements to reflect events and
circumstances occurring after the date hereof or to reflect the
occurrence of unanticipated events. Many factors could cause the
actual results to differ materially from those contained in such
projections or forward-looking statements, including, among others,
general economic conditions, our competitive environment, risks
associated with operating in Ukraine, rapid technological and
market change in our industry, as well as many other risks
specifically related to the Group and its operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 09, 2016 05:15 ET (09:15 GMT)