19 December 2007
The London Stock Exchange is delighted to welcome KDD Group N.V. to AIM.
KDD Group is the holding company of one of Ukraine’s leading real estate investment and development groups. KDD holds a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects.
KDD currently has eight projects, of which three are in the groundwork construction phase and five are at various stages of design and development. These projects, which have a total planned gross area of approximately 2.7 million square metres, are located in the capital region of Kyiv with the exception of one residential project in L'viv.
The company has raised approximately £63.8 million (US$130.0 million). At a placing price of 200 pence per ordinary share, KDD’s market capitalization is approximately £323.8 million.
KDD’s shares have been admitted to trading on AIM under the ticker symbol “KDDG”.
Commenting on the Admission, Petro Slipets, KDD CEO, said:
“Our admission to AIM is a very important step in the development of KDD. We look forward to executing our growth strategy with the proceeds raised and updating our shareholders on our progress in due course.”
ING and Renaissance Capital acted as the Joint-Global Coordinators and Bookrunners in relation to the Offering. ING has also been appointed as the Nominated Advisor to KDD. Gavin Anderson & Company advised on financial PR.