Ros Agro PLC Inclusion in the list of ESO
July 15 2024 - 5:02AM
RNS Regulatory News
RNS Number : 4194W
Ros Agro PLC
15 July 2024
Rusagro Group PJSC is included by the Government of the Russian
Federation in the list of economically significant
organizations
ROS AGRO PLC (hereinafter referred to as the
"Company") announces that the Government of the Russian Federation
has included its subsidiary Rusagro Group PJSC in the list of
Economically Significant Organizations (ESO) on July
12th, 2024. In this connection, the Ministry of
Agriculture of the Russian Federation received the right to appeal
to the arbitration court with a statement to suspend the Company's
implementation of corporate rights in relation to Rusagro Group
PJSC.
In accordance with the Russian Federal law No. 470-FZ
dated 4th August 2023 (hereinafter referred to as the
"Law"), certain categories of persons related to the business
entities included in the list, and the federal executive authority
authorized by the Government of the Russian Federation received the
right to initiate legal proceedings that may result in the transfer
of the Russian subsidiary shares to the beneficial owners of the
foreign holding company.
The management of Rusagro Group will continue to
analyze the situation and take all necessary actions to protect
shareholders' rights. Rusagro Group's assets will operate in a
standard mode. Also, ROS AGRO PLC informs that inclusion in the
list of ESO does not mean that the indicated actions will be
initiated on a mandatory basis.
This week Rusagro will hold an online conference where
management will comment on regulatory changes. Questions can be
sent in advance to ir@rusagrogroup.ru. The date and time of the
call will be announced additionally.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact
rns@lseg.com or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our
Privacy
Policy.
END
MSCRAMMTMTMBBBI