The Moscow Exchange is transferring Gazprom's shares from the Non-Listed Securities Register to the Quotation List A Level 2 (QL A2).
“Gazprom sustains sound financial stability. The Company has a transparent business structure, an open information policy and a high quality corporate governance system which we are continually improving. And here is another evidence of our efforts – the Moscow Exchange is including Gazprom's shares in the Quotation List A2. This is an important step towards increasing the Company's capitalization and liquidity of securities,” said Elena Mikhailova, Member of the Management Committee, Head of the Asset Management and Corporate Relations Department of Gazprom.
“The fact of transferring Gazprom's shares to the Quotation List A2 is a milestone event for the whole Russian stock market. The listing reform is due next year, whereby the Lists A1 and A2 will be unified. Besides, adding the issuer's securities to the top quotation list will enable the Company to attract more Russian investors, in the first place, through companies managing pension savings and insurance reserves,” said Anna Kuznetsova, Managing Director of the Moscow Exchange.
Gazprom's shares have high liquidity in the Russian stock market.
From 2006 Gazprom's shares before their transfer to the Quotation List A2 were traded on the Moscow Exchange as non-listed securities.
From December 26, 2013 Gazprom's shares will be transferred to the Quotation List A Level 2 in the List of Securities Admitted to Trading on MICEX (a part of the Moscow Exchange) with the issue parameters as follows:
• securities – ordinary shares;
• state registration number – 1-02-00028-A dated December 30, 1998;
• nominal value of a share – RUB 5.0;
• number of shares issued – 23,673,512,900;
• stock ticker symbol – GAZP;
• ISIN – RU0007661625.