Moscow, March 14, 2014 — Pharmstandard OJSC (LSE: PHST IL, RTS: PHST RU) (further «Pharmstandard» or the «Company») announces the record date for the distribution of ordinary OTCPharm PJSC (further «OTCPharm») shares to its GDR holders.
As a result of the implementation of Company reorganization by spin-off of OTCPharm PJSC (further «Spinoff»), each holder of GDSs as of 5:00 p.m. (New York time) on March 27, 2014 (the «GDS Record Date») is entitled to a distribution of either OTCPharm Shares, upon payment of applicable fees, or the cash proceeds of a sale of the OTCPharm Shares, after deduction of applicable fees. The OTCPharm Shares will be distributed only to Eligible Holders as of the GDS Record Date that certify as to that status and provide valid delivery instructions for the OTCPharm Shares prior to 5:00 p.m., New York time, on April 17, 2014.
It is expected that OTCPharm ordinary shares will be listed on MOEX in May 2014. The prospec-tus was approved by the Board of Directors on March 12, 2014.
The Company has certain plans to get an approval from Central Bank of Russia for a GDR pro-gram with visible availability of such in the second half 2014. The establishment of OTCPharm GDR program is subject to the necessary corporate and regulatory approvals in Russia.
Contacts:
Irina Bakhturina
Head of Investor Relations
OJSC Pharmstandard
Tel: +7 495 970 0030 ext. 2824
E-mail: ir@pharmstd.ru
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