- Report of Foreign Issuer (6-K)
July 06 2010 - 11:03AM
Edgar (US Regulatory)
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
July 06, 2010
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
Commission
file number:
1-31232
WIMM-BILL-DANN
FOODS OJSC
(Exact name of Registrant as specified in its
charter)
Russian Federation
(Jurisdiction of incorporation or organization)
16, Yauzsky Boulevard
Moscow 109028
Russian Federation
(Address of principal executive offices)
Indicate by check mark whether the registrant files or
will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
o
Indicate by check mark whether the registrant by
furnishing the information contained in this Form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes
o
No
x
WIMM-BILL-DANN FOODS OJSC
COMPLETES BOND PLACEMENT
Moscow, Russia July 6, 2010 Wimm-Bill-Dann Foods OJSC [NYSE:
WBD] today announced the placement of two bond issues raising a total of 10
billion rubles (US$319.9 million at the exchange rate on July 1, 2010).
Tony Maher, CEO of Wimm-Bill-Dann Foods commented: I
am very pleased with the results of the placement. During the book building we
received 71 bids for a total of more than 17.2 billion rubles. Such strong
demand for our bonds from foreign and domestic investors allowed us to increase
the size of the placement from 5 to 10 billion rubles. The rate of the first
coupon was set at 7.90% annually, a level significantly lower than our debt
being retired and the rate seen during the marketing process. This is a
striking endorsement by the investment community of our sound fundamentals,
business model and strong growth prospects. The issuance of ruble bonds
provides us with additional capital for future growth and further optimizes our
debt portfolio.
VTB Capital and Raiffeisenbank acted as organizers for
the bond issues.
The two bond issues, with a total nominal value of 10
billion rubles, have a maturity of three years, with coupons paid every six
months. The technical placement of the bonds took place on July 1, 2010 on
the Moscow Interbank Stock Exchange.
For further enquiries contact:
Natalya Belyavskaya
Wimm-Bill-Dann Foods OJSC
Solyanka, 13, Moscow 109028 Russia
Phone
: +7 495 925 5805
Fax:
+7 495 925 5800
e-mail:
belyavskayand@wbd.ru
Marina Kagan
Wimm-Bill-Dann Foods OJSC
Solyanka, 13, Moscow 109028 Russia
Tel: +7 495 925 5805
Fax: +7 495
925 5800
e-mail:
kagan@wbd.ru
Some of the information contained in this press
release may contain projections or other forward-looking statements regarding
future events or the future financial performance of Wimm-Bill-Dann Foods OJSC,
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 Foods OJSC files from time to time
with the U.S. Securities and Exchange Commission, specifically, the Companys
most recent Form 20-F. These documents contain and identify important
factors, including those contained in the section captioned Risk Factors in
our Form 20-F, that
2
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, and risks
associated with our competitive environment, acquisition strategy, ability to
develop new products or maintain market share, brand and company image,
operating in Russia, volatility of stock price, financial risk management, and
future growth.
NOTES TO EDITORS
Wimm-Bill-Dann Foods OJSC was founded in 1992 and is
the largest manufacturer of dairy products and a leading producer of juices and
beverages in Russia and the CIS. The company produces dairy products (main
brands include: Domik v Derevne, Neo, 2Bio, 33 Korovy, Chudo and more), juices
(J7, Lubimy Sad, 100% Gold), Essentuki mineral water and Agusha baby food.
The company has 37 manufacturing facilities in Russia,
Ukraine, Kyrgyzstan, Uzbekistan and Georgia with over 16,000 employees. In
2005, Wimm-Bill-Dann became the first Russian dairy producer to receive
approval from the European Commission to export its products into the European
Union.
In 2010, Standard & Poors Governance
Services confirmed on WBD its governance, accountability, management, metrics,
and analysis (GAMMA) score GAMMA- 7+. The score reflects the effective work
of the Board of Directors and, in particular, the real influence of independent
directors in the decision-making process and the adherence of the controlling
shareholders to the highest standards of corporate governance.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
WIMM-BILL-DANN FOODS OJSC
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Sergey Styazhkin
|
|
|
Name:
|
Sergey Styazhkin
|
|
|
Title:
|
Head of Legal department
|
Date: July 06, 2010
4
Wimm Bill Dann (NYSE:WBD)
Historical Stock Chart
From Jul 2024 to Aug 2024
Wimm Bill Dann (NYSE:WBD)
Historical Stock Chart
From Aug 2023 to Aug 2024