News

Group of companies Smart Holding got the consent of the shareholders of British company Regal Petroleum for sale of 51.7% of the company shares.

The Board of Directors of Regal Petroleum plc advises the company shareholders to accept new Offer of Energees Management Limited (100% subsidiary of Energees Investments Limited, main holding company of the Group of companies Smart Holding) regarding partial redemption of shares as the best and only available option for them.

A team of Smart-Holding represented by the Chairman of the Supervisory Board Vadim Novinsky and the CEO Alexey Pertin will participate in the 41^st annual meeting of the WEF members that will be held in Davos (Switzerland) from 26 to 30 January 2011.

Smart-Holding Group has published a recommended offer on repurchase of shares in British oil and gas company Regal Petroleum plc for cash (Offer), as well as the form of consent of Regal Petroleum plc shareholders for repurchase of shares. According to the terms of the Offer, the repurchase price is £0.24 per share. The total amount of the Offer is estimated at £77 million on the basis of the total share capital of the company.

From 13 to 15 September, a delegation from Smart-Holding took part in the annual Summer Davos Forum held in Tianjin (China). The representatives of the company expanded the circle of potential partners, discussed trends observed in the global economy and in the industrial sector, in particular.

Smart-Holding has become the official partner of the international contest of young popular music performers New Wave Junior 2010. The final round of the competition was held on 22 August in the Artek International Children's Centre (Crimea).

On July 9 the eight large families of Kivertsivsky district of Volyn region got new living-buildings constructed by the means of Smart Holding in the framework of joint project of authorities and business Warm a child with love. Keys from new buildings were handed by the President of Ukraine Viktor Iushchenko, family, youth and sports minister of Ukraine Iurii Pavlenko and vice-president on humanitarian and social questions of Smart Holding Aleksandr Sheiko.

On 26 March, in Lutsk, a Memorandum was signed between Volyn Regional State Administration and Smart-Holding for interaction and commencement of a joint project between business and government authorities Warming a Child with Love initiated by the President of Ukraine Viktor Yushchenko and approved by decree of the President of Ukraine no.1238/2007 dd. 13.12.2007.