MAIL.RU GROUP LIMITED (“Mail.ru Group” or the “Company”) announces that the Company has submitted all the documents to the Moscow Exchange required to undertake a local listing of Mail.ru Group’s Global Depositary Receipts (GDRs) (ISIN US5603172082), with target inclusion of these securities in the Level 1 List.
Mail.ru Group’s GDRs are expected to begin trading in Moscow in the coming weeks, pending approval of the listing documents and admittance to trading by the Moscow Exchange.
Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said “Mail.ru Group’s listing on the local exchange is a landmark event for our company, particularly as many of our Russian users do not currently have access to the London Stock Exchange, the platform for our main listing. We strongly believe that by extending access to our GDRs through the Moscow Exchange via the planned dual listing, we will be able to further diversify our shareholder base and meet one of the key requirements for future indexation. Mail.ru Group’s local listing should enhance the liquidity of our company, which has been among our key strategic goals, given our strong commitment to public markets and improvement of our investment profile.”
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