IPJSC Etalon Group (the “Company”), one of Russia’s largest development and construction companies, announces that a General Meeting of Shareholders will be held on 29 September 2025.
Voting on the Meeting’s agenda items will take place by absentee voting, with the deadline for receiving ballots set as 29 September 2025. The record date for shareholders entitled to vote at the General Meeting of Shareholders is 5 September 2025.
Shareholder will vote on the following matters:
1. Reducing IPJSC Etalon Group’s charter capital through the repurchase and cancellation of outstanding preferred shares.
2. Increasing IPJSC Etalon Group’s charter capital through the issuance of additional ordinary shares.
Additional information on the absentee voting procedure and supporting materials are available at https://www.etalongroup.com/corp/shareholders/.
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 37 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 2024, Etalon Group’s new contract sales totalled 699 ths sqm, or RUB 146.2 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.