RNS Number : 9872A
OJSC Chelyabinsk Tube-Rolling Plant
09 February 2011
THIS PRESS RELEASE AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN, OR INTO, DIRECTLY OR INDIRECTLY, THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS), CANADA, JAPAN, RUSSIA OR AUSTRALIA OR TO ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES, AUSTRALIA, CANADA, RUSSIA OR JAPAN.
This press release is not a prospectus but an advertisement. Investors should not purchase any securities referred to in this announcement except on the basis of information in the prospectus to be published by Joint Stock Company Chelyabinsk Tube-Rolling Plant in connection with the offering discussed in this press release.
10 February, 2011
UPDATE ON INITIAL PUBLIC OFFERING
Joint Stock Company Chelyabinsk Tube-Rolling Plant ("ChelPipe"), a leading Russian producer of welded and seamless steel tubes and pipes for use in the Russian oil and gas industry, as well as a variety of other industries in Russia, announces that it has chosen not to proceed with its initial public offering due to current unusual market sentiment.
The company appreciates the interest shown by the investor community and wishes to thank investors for taking the time to meet with management over the last few weeks.
For further information contact
ChelPipe Sergei Rybak (PR) +7 495 933 2780
Tatiana Krasnousova (IR) +7 495 933 2780
Financial Dynamics Richard Mountain +44 20 7269 7186
This press release does not constitute or form part of, and should not be construed as, any offer or invitation to sell, or any solicitation of any offer to purchase, any securities, nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contractor commitment whatsoever. The proposed offering discussed in this press release, and the distribution of this announcement and other information in connection with the proposed offering, may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. In the event of any discrepancy between this announcement and the prospectus in its final form, the prospectus will prevail. It is not the purpose of this announcement to provide, and you may not rely on this announcement as providing, a complete and comprehensive analysis of ChelPipe's financial or commercial position.
The information contained herein is not for publication or distribution to persons in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), or the laws of any state of the United States, and may not be offered or sold within the United States without registration under the Securities Act or pursuant to an available exemption thereunder. Neither this document nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities in the United States. ChelPipe does not intend to register any portion of the proposed offering in the United States or conduct a public offering of securities in the United States.
This press release is only directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, this press release is directed only at Qualified Investors (a) who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (b) who are high net worth entities falling within Article 49 of the Order, and any other persons to whom it may otherwise lawfully be communicated (all such persons together referred to as "relevant persons"). Any investment or investment activity to which this press release relates is available only to (i) in the United Kingdom, relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors, and will be engaged in only with such persons.
This communication is not a public offer or advertisement of any securities in the Russian Federation, and is not an offer, or an invitation to make offers, to purchase, sell, exchange or transfer any securities in the Russian Federation and does not constitute an "advertisement" or "offering" of the securities in the Russian Federation within the meaning of Russian securities laws and must not be passed on to third parties or otherwise be made publicly available in the Russian Federation. No prospectus will be registered with respect to the GDRs in the Russian Federation and the GDRs referred to herein are not intended for "placement" or "circulation" in the Russian Federation unless otherwise permitted under Russian law.
Some of the information in this press release may contain projections or other forward‐looking statements regarding future events. ChelPipe wishes to caution you that these statements are only predictions and that actual events or results may differ materially. ChelPipe does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.
Not for publication, distribution or release in the United States of America (including its territories and possessions), Canada, Japan, Russia or Australia.
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