15/05/2005 Rambler Media Ltd opens the London markets
Rambler Media Limited opens the London markets
15 June 2005
Rambler Media is an integrated and diversified Russian language media, entertainment, services and content delivery company with three main segments: internet services, mobile value added services and television broadcasting. Rambler.ru, Rambler Media’s portal, is one of the most popular portals and search engines with the global Russian speaking community, which is estimated at more than 280 million people. Rambler TV, a free-to-air channel, and SMXCOM, Rambler Media’s mobile content service provider, complete the Group’s multimedia offer.
Rambler Media’s shares will trade under the symbol “RMG” on AIM. The total capital raised via the quotation on AIM, including the secondary shares sold by existing shareholders, is approximately US$40 million. On admission, the company will have 14,975,731 Ordinary Shares in issue and a market capitalisation, at the Placing Price, of over US$150 million. Rambler Media plans to use the proceeds for possible acquisitions of, or investments in, companies and businesses that meet Rambler Media’s technical and economic criteria. They will also be used to develop the Group’s existing assets and provide additional working capital for the Group.
Irina Gofman, CEO of Rambler Media said: “We are very pleased to be admitted to trading on AIM, the right market for a company like Rambler Media which operates in a high growth market, and would like to thank investors for their strong support and interest in our business.”
Deutsche Bank AG London and U.F.G.I.S. Trading Limited (together "Deutsche UFG") acted as sole bookrunner and joint lead manager and Aton International Limited acted as joint lead manager for the Placing. Deutsche Bank is acting as the company’s Broker. Nabarro Wells & Co. Limited, assisted by Zimmerman Adams International Limited, is Rambler Media’s Nominated Adviser.