Wimm-Bill-Dann’s Board of Directors approved one issue of five-year ruble bonds for RUB3 billion at its scheduled meeting, which took place on October 21, 2005. The bonds will be guaranteed by Wimm-Bill-Dann’s subsidiary, Siberian Dairy Plant. This issue is aimed at refinancing Wimm-Bill-Dann’s current indebtedness and financing future capital expenditures. ZAO Raiffeisen Bank Austria and Investment Bank Trust are the organizers of the issue.
Earlier, the General Shareholders Meeting of Siberian Dairy Plant confirmed that the plant will guarantee two of Wimm-Bill-Dann?s bond issues pending approval by Wimm-Bill-Dann’s Board of Directors.
Wimm-Bill-Dann Foods OJSC16 Yauzsky Boulevard, Moscow, RussiaPhone: +7 095 733-97-26/9727Fax: +7 095 733-97-25web: http://www.wbd.comE-mail: kagan@wbd.ru
Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Wimm-Bill-Dann, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to conform them to actual results. We refer you to the documents Wimm-Bill-Dann files from time to time with the U.S. Securities and Exchange Commission, including our Form F-1. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” in our Form F-1, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, potential fluctuations in quarterly results, our competitive environment, acquisition strategy, risks associated with operating in Russia, volatility of stock price, financial risk management, and future growth subject to risks.All news