ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that the Company has submitted documents, including a prospectus, to Moscow Exchange in order to undertake a listing of Etalon Group global depositary receipts (ISIN US29760G1031) on Moscow Exchange and the inclusion of these securities in the Level 1 List.
Pending approval of the listing documents and admittance to trading on Moscow Exchange, Etalon Group GDRs are expected to begin trading in Moscow in approximately one month.
Etalon Group CFO Kirill Bagachenko said: “Etalon Group’s listing on Moscow Exchange marks a historic milestone in our development. With Russian investors that do not have access to the London Stock Exchange infrastructure able to buy Etalon GDRs, we expect to further diversify our investor base and see the Company included in new equity indexes.
“Moscow Exchange has for years helped to lead the successful development of Russia’s financial system, which now boasts world-class technical and regulatory infrastructure that make dual listings like ours possible and attractive for companies and investors. Thanks to Etalon Group’s significant free float of 62%, we also confirm our commitment to maintaining our current listing on the London Stock Exchange.”
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 38 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.2 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 27 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2024 was RUB 305 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2024 amounted to RUB 131 billion, with EBITDA of RUB 27.6 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.