Over 170 delegates attended the annual London Stock Exchange conference “Return of the IPO” on 6 -7 July 2011 which was aimed at professional advisers and international issuers from Russia, Kazakhstan and Ukraine.

Xavier Rolet, CEO of the London Stock Exchange Group, and Dmitry Pankin, Head of the Federal Financial Markets Service of Russia, delivered keynote addresses in which they spoke about milestone developments in the global and Russian capital markets over the past 12 months and shared their insights on new and exciting opportunities for issuers and investors in 2011/2012.

Mr Pankin briefed the audience about the proposed regulatory changes designed to enhance domestic market liquidity and boost capital inflows into the Russian capital markets.
Speakers discussed successful IPOs in 2011 and commented on IPO pricing, investor criteria, shareholder identification, regulatory developments, IPO preparation and good governance practices.

06 July 2011

09:30 - 10:00 Registration and Coffee

10:00 - 11:00 Managing your Depositary Receipts programme

• Establishing a programme
• GDRs in the IPO process
• Conducting AGMs

Speakers:

• Graham Marshall, Managing Director, Head of Business Development, Russia & CIS, Depositary Receipts
• Yury Mandzhiev, Vice President, Business Development

11:00 - 11:30 Coffee Break

11:30 - 12:30 Legal preparation for IPO

• Due Diligence
• Risk Factors
• Legal Considerations for Directors

Speakers:

• Jeremy Landau, Equity Capital Markets Partner, WH Ireland Limited
• Alex Gibson, Equity Capital Markets Partner, WH Ireland Limited
• Chris Fielding, Head of Corporate Finance, WH Ireland Limited

12:30 - 13:30 Lunch

13:30 - 14:30 Guidance on restructuring

• Financial reporting requirements and eligbility for listing
• Managing tax aspects of an IPO
• Implications of holding company location for management structures and governance
• IPO readiness

Speakers:

• Natalia Kuznetsova. Partner, International tax structuring, PwC
• Katya Kuznetsova, Director, Assurance - Capital Markets, PwC

14:30 - 15:00 Coffee Break

15:00 - 15:45 Roadshow Communication

• Planning your roadshow
• Preparing for investor meetings
• Post road show communications

Speakers:

• Dianne Faulks, Director, IR Advisory, Depositary Receipts, Citi
• Mike O'Connor, Head of EMEA Corporate Access, Citi
• Steve Kale, Director, Capital Markets Origination, Citi
• Tamsin Matthews, Vice President, Corporate Access, Citi

15:45 - 16:00 Break

16:00 - 16:45 Shareholder Identification

• How your shareholders approach your sector
• Investor perception studies
• How firm buy/sell decisions relate to the wider market as a whole

Speakers:

• Rob Newman, Managing Director, King Worldwide

16:45 - 17:00 Break

17:00 - 18:00 One-to-One meetings

07 July 2011

09:00 - 09:30 Registration and Coffee

09:30 - 09:45 Welcome Speech by Xavier Rolet, CEO, London Stock Exchange

09:45 - 10:00 Keynote Address by Dmitry Pankin, Head of the Federal Financial Markets Service

10:00 - 10:15 Shaping the Russian IPO Market by Ekaterine Novokreshchenykh, Vice President, Member of the Executive Board, MICEX Group

10:15 - 11:00 Outlook for Russia & CIS investments

• CIS IPO's
• Market Update
• CIS Primary Market Equity

Speaker:

• Clifford Tompsett, Partner, Capital Markets, PwC
• Josh Critchley, Head of European ECM and Corporate Broking, Royal Bank of Canda
• Steve Kale, Director, Capital Markets Origination, Citi

11:00 - 11:45 IPO Planning

• Preparing for IPO
• Getting your Company Investor Reading

Speakers:

• Tim Pinkstone, Director, Transaction Advisory Services, Ernst & Young
• Natalia Vasilieva, Director, Transaction Advisory Services, Ernst & Young
• Stewert Dickson, Director, Seymour Pierce

11:45 - 12:15 Coffee Break

12:15 - 13:00 Sector Selection and Investor Demand

• Extractive Industries discussion
• Non-Resource sectors to watch

Speakers:

• Boris Eykher, Asset Management, Glencore International
• Jay Hambro, Executive Director and Chairman, IRC Limited
• Charles Whitaker, Founder Partner, Brown & Co
• Rob Newman, Managing Director, King Worldwide

13:00 - 14:00 Lunch

14:00 - 14:45 Pre-IPO Growth Strategies Panel Discussion

Speakers:

• Nick Arbuthnott, Managing Director Corporate EMENA, Ipreo
• Rupert Wood, Head of Sales, Wood & Co

14:45 - 15:30 Choosing where to incorporate: Cyprus and other jurisdictions

• Setting up in Cyprus
• Using Jersey holding companies

Speakers:

• Nicos Kyriakides, Partner, Head of Financial Advisory Services, Deloitte
• James Hill, Partner, Mourant Ozannes

15:30 - 16:00 Coffee Break

16:00 - 16:45 Risk Factors & Investor Communication Panel Discussion

• Investor education on industry and company specifics
• Building competitive advantage through Corporate Reporting
• Disclosure of risk factors for CIS investors

Speakers:

• David Simonson, Managing Director, Merlin
• David Christopherson, CEO, Black Sun plc
• Christopher Mort, Partner, Freshfields Bruckhaus Deringer

16:45 - 18:30 Evening Drinks