News

Moscow, Russia — March 15, 2002 — Wimm-Bill-Dann Foods OJSC [NYSE: WBD] today announced that the placement of the shares underlying its ADSs, earlier listed on the New York Stock Exchange, has now been registered with the Russian Federal Commission on Securities Markets. The Federal Commission has registered 9,000,000 common shares, which are the shares underlying ADSs issued by the company, including in the over-allotment (green-shoe) option.

Commenting on the above registration, David Iakobaсhvili, chairman of the board of Wimm-Bill-Dann Foods OJSC, said: “We have now jumped the last fence on our road to becoming only the third Russian company to complete an IPO on the New York Stock Exchange. We remain committed to our policy of openness and transparency, and our board of directors will be determining in May the deadlines for announcing our 2001 full year results. We are looking forward to working within a new, publicly listed Wimm-Bill-Dann, committed to building value for our shareholders.”

Wimm-Bill-Dann Foods OJSC
16 Yauzsky Boulevard, Moscow, Russia
Phone: +7 095 733-97-26/9727
Fax: +7 095 733-97-25
web: http://www.wbd.com
E-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