Starting from 8 July 2013, NLMK ordinary shares will be included into the list of 50 most liquid securities from Russian issuers admitted to trading on the Moscow Exchange in the T+2 market.
The Moscow Exchange launched trading with partial pre-depositing of assets and settlement on T+2 on 25 March 2013.
Grigory Fedorishin, NLMK Vice President of Finance, said: “Being listed among the most liquid shares is indicative of the Company’s investment appeal. We are hoping that the T+2 transition, aligning Russian clearing rules with international practices, will stimulate new investments in Russian securities.”
NLMK is a vertically integrated steelmaking company with production facilities in Russia, Europe and the USA. Its operating units have a crude steel production capacity in excess of 15 mt/y. The Company generated USD 12.2 billion in revenue and USD 1.9 billion in EBITDA in 2012. NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS) and its global depositary shares on the London Stock Exchange.
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