enrupl

ГлавнаяKDM SHIPPING set the offer price at PLN 32,4 per share

KDM SHIPPING set the offer price at PLN 32,4 per share

The KDM Shipping Group, one of the leaders of the Ukrainian shipping industry, primarily involved in the niche segment of dry bulk river-sea freight in the Black, Azov and Mediterranean sea regions, has set the offer price at PLN 32,4 per share.

KDM Shipping plans to issue 796 000 new shares, raising PLN 25,8 million in gross proceeds.

729 475 of shares will be offered to institutional investors and 66 525 – to retail investors.

The proceeds from the issue will be used to finance the first phase of investment program for the years 2012-2014 which envisages mainly increasing the fleet of dry bulk river-sea vessels by purchases of used vessels.

The Offer Shares will represent 10.9% of the Issuer’s share capital upon completion of the Offering. The Company plans to be listed on the Warsaw Stock Exchange in the first half of August this year.

The Company’s advisers in the process of going public are KBC Securities N.V., Polish Branch (Lead Manager of the offering), Jaspen Capital Partners (Co-Lead Arranger of the offering), Baker & McKenzie and Dr. K. Chrysostomides & Co LLC (legal advisers to Lead Manager). KPMG are the auditors of the Company.

TIMETABLE OF PUBLIC OFFERING

26-27 July 2012 till 2 pm CET

Accepting subscription orders in the Institutional Tranche

On or about 27 July 2012

Allotment

On or about 9 August 2012

Planned listing on the Warsaw Stock Exchange

Kostiantyn Molodkovets, CEO of KDM Shipping Ltd, commented: We are pleased with the interest shown by investors during the public offering, despite the discouraging situation on the capital markets. Taking the company public is an element of the implementation of our long-term growth strategy, and the listing on the Warsaw Stock Exchange will be the beginning of our long-term relationship with the Polish capital market, based on transparency, which we intend to maintain. Although we will raise less proceeds than we anticipated, they will enable us to begin the process of expanding our fleet in order to take advantage of the excellent growth prospects of the river-sea dry bulk freight sector in the Black, Azov and Mediterranean sea region in which we operate. We are happy that the investors who appreciate our unique business model and strong fundamentals will be able to participate in the further growth of the company.

For more information please contact:

Magda Kołodziejczyk
M+G
Tel. (+48) 22 625 71 40, 501 168 807
e-mail: magda.kolodziejczyk@mplusg.com.pl