Trading of shares of “Bank “Saint-Petersburg” Open Joint-Stock Company (“BSPB” or the “Company”) in the “V” quotation list of the Moscow Interbank Currency Exchange (MICEX) is to begin on 10 December 2007 under the temporary ticker symbol BSPB-013D.
It is expected that within three working days, OTC trading of BSPB’s unlisted global depositary receipts (“GDRs”) will be frozen. Subsequently, The Company’s depositary programme will be terminated and all GDRs should be converted into ordinary shares.
As previously announced, on 6 December 2007, BSPB’s shares began trading in the “V” quotation list of the Russian Trading System (RTS) under the ticker symbol STBK.
About the Company
Since its founding in 1990, BSPB has grown into a network of 32 branches and outlets across Saint Petersburg, Leningrad Region, Moscow and Kaliningrad and 288 ATMs, including ATMs at every Saint Petersburg underground station.
BSPB is a leading independent universal bank in Saint Petersburg and Leningrad Region with a 10% regional market share by loans and a 9% regional market share by deposits as of 1 July 2007, with a particular strength in corporate banking, which represents the majority of BSPB’s business. As of 1 July 2007, BSPB was ranked the 27th largest bank in the Russian Federation by assets.
As of 30 June 2007, the Company had total assets of approximately USD 3.3 billion, shareholders’ equity of approximately USD 290 million, and net income for the first 6 months of 2007 of USD 32 million. It is currently rated Ba3/Stable by Moody’s and B/Positive by Fitch.
These materials may not be published, distributed or transmitted in or into the United States. These materials do not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (“the Securities Act”) and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the Securities Act) unless they are registered under the Securities Act or pursuant to an exemption from registration. There will be no offering of the securities in the U.S.
These materials are directed solely at persons who (i) are outside the United Kingdom or (ii) are qualified investors within the meaning of section 86(7) of the Financial Services and Markets Act 2000 (the “FSMA") or (iii) are investment professionals falling within Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order") or (iv) are entities falling within Article 49(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). These materials must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which these materials relate is available only to relevant persons and will be engaged in only with relevant persons.
These materials do not constitute a public offering or an advertisement of GDRs in the Russian Federation, and do not constitute an offer, or a proposal to make offers, or to purchase any GDRs in the Russian Federation. The GDRs have not been and will not be registered in Russia and are not intended for “placement” or “public circulation” in Russia