Gazprom’s shares to be included in Saint Petersburg Exchange Quotation List A2
From April 17, 2014 the Saint Petersburg Exchange is transferring Gazprom's shares from the Quotation List B (QL B) to the Quotation List A Level 2 (QL A2). As a result, a greater number of Russian investors, including companies managing pension savings and insurance reserves, will be able to trade the Company's shares.
“Being a stable, transparent and investor-friendly company – these qualities make Gazprom stand out. That's why the transfer of Gazprom's shares to the QL A2 is another 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.
“Gazprom's shares are still a very appropriate investment option in Russia. For quite a while the Saint Petersburg Exchange has been the only place to trade Gazprom's shares. The transfer of Gazprom's shares to the QL A2 proves that the issuer makes every effort to streamline its corporate governance system as well as risk management policy,” noted Evgeny Serdyukov, Director General of the Saint Petersburg Exchange.
Gazprom's shares have high liquidity in the Russian stock market.
From December 26, 2013 Gazprom's shares were transferred to the Quotation List A Level 2 in the List of Securities Admitted to Trading on MICEX (a part of the Moscow Exchange).
Gazprom's shares were admitted to trading on the Saint Petersburg Exchange in August 1997 (following the Russian Government Directive No. 654 dated May 30, 1997). In June 2002 the Company's shares were included in the Quotation List B of the Saint Petersburg Exchange (the Saint Petersburg Exchange was the only stock exchange in Russia, where Gazprom's shares were qualified for trading and included in the Quotation List).
Gazprom's shares are being transferred to the Quotation List A Level 2 in the List of Securities Admitted to Trading on the Saint Petersburg 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 – GSPBEX;
- ISIN – RU0007661625.