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Golden Telecom announces filing of registration statement
Following press release issued by Golden Telecom:
MOSCOW, Russia (March 22, 2004) — Golden Telecom, Inc. (NASDAQ: “GLDN”)
announced today that it has filed a Registration Statement on Form S-3 with
the United States Securities and Exchange Commission, to register 3,839,823
shares of its common stock that four of Golden Telecom’s major shareholders
intend to offer for sale to the public markets.
The four shareholders are: The European Bank for Reconstruction and
Development, Capital International Global Emerging Markets Private Equity Fund
L.P., First NIS Regional Fund SICAV, and Cavendish Nominees Limited (the
latter two shareholdings are managed by Baring Vostok Capital Partners
Limited). The lead manager for the offering will be UBS Investment Bank.
The number of shares to be registered is 3,839,823, which represents
approximately 10.7% of the shares outstanding as of December 31, 2003. The
offering is expected to take place during the second quarter of 2004.
A registration statement relating to these securities has been filed with the
United States Securities and Exchange Commission but has not yet become
effective. The securities may not be sold nor may offers to buy be accepted
prior to the time the registration statement becomes effective.
This release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction. A written prospectus meeting the requirements of Section 10 of
the United States Securities Act of 1933 may be obtained from the Company (via
the contacts below), or from UBS Investment Bank, (1 Finsbury Avenue, London
EC2M 2PP, England) or on the United States Securities and Exchange
Commission's website at www.sec.gov.
About Golden Telecom (www.goldentelecom.com)
Golden Telecom, Inc., NASDAQ: “GLDN” is a leading facilities-based provider of
integrated telecommunications and Internet services in major population
centers throughout Russia and other countries of the Commonwealth of
Independent States. The Company offers voice, data and Internet services to
corporations, operators and consumers using its metropolitan overlay networks
in major cities including Moscow, Kiev, St. Petersburg, Nizhny Novgorod,
Samara, and Krasnoyarsk and via intercity fiber optic and satellite-based
networks – including 165 combined access points in Russia and other countries
of the CIS. The Company offers mobile services in Kiev and Odessa.
Statements made in this press release are forward looking and are made
pursuant to the safe harbor provisions of the Securities Litigation Reform Act
of 1995. Such statements include the expected number of shares to be offered,
and the timing of the secondary offering. It is important to note that such
statements involve risks and uncertainties, which may cause outcomes to differ
materially from those set forth in these statements. Such risks and
uncertainties include, but are not limited to, the possibility of adverse
equity market conditions occurring during the offering period. Additional
information concerning factors that could cause results to differ materially
from those in the forward looking statements is contained in the Company’s
filings with the U.S. Securities and Exchange Commission including the
Company’s Registration Statement on Form S-3 filing, and the Company’s Annual
Report on Form 10-K for the year ended December 31, 2003.
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