Parameters of the Grocery Factories of Maxim Antonov JSC share issue:
• type of security – ordinary shares;
• state registration number – 1–02-12567-A, issued June 7, 2008;
• nominal value – 1 ruble;
• number of shares issued – 155,000,000 shares;
• ISIN code – RU000A0JPXP3;
• ticker symbol – BMFA.
The Grocery Factories of Maxim Antonov JSC, the main production holding of the ARKADA Group of Agro-Industrial Companies, has announced plans to stage an IPO in Q4 of 2008.  Within the frameworks of the offering, the company intends to sell 30 percent of the authorized capital while receiving no less than $100 million.  It intends to use the investments raised in the course of the public share offering to acquire new enterprises that specialize in grain processing.  Through this approach, the company intends to raise its presence on the Russian flour manufacturing, buckwheat, combined feed, and baked goods markets.  A part of the investments will used to restructure its current debt.
Reference
The Grocery Factories of Maxim Antonov JSC is a diversified grain processing holding that consolidates assets and capacities used in grain storage and processing, as well as the capacities used in the production of grain, combined feed and baked goods.  The enterprises comprising the Grocery Factories of Maxim Antonov JSC are primarily located in the central regions of Russia.  According to initial data, the consolidated revenues of the Grocery Factories of Maxim Antonov Group of Companies stood at $125 million in 2007.  The revenue forecast for 2008 stands at $250 million.  At the same time, the EBITDA margin could reach around eight percent.