MAIL.RU GROUP LIMITED (“Mail.ru Group” or the “Company”) announces that its Global Depositary Receipts (GDRs) (ISIN US5603172082) have started trading on the Moscow Exchange (ticker: MAIL), having been included in the Level 1 List.
Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said: “Today’s listing on the local exchange marks a major milestone in our history as a public company, enabling millions of Russians to become our shareholders. Russia’s local retail investor base has been rising rapidly, and they will now have access to our GDRs through the Moscow Exchange. In the meantime, we will continue to create technologies that will increase shareholder value, and believe that the listing will enhance the overall liquidity of our company.”
Local listing is one of the key requirements for future indexation, bound to increase Mail.ru Group’s visibility among funds looking at the Russian equity market.
"We are pleased that more and more companies with Russian roots are opting for a secondary listing on the Moscow Exchange (“MOEX”). There are more than 5.3 million private investors with access to MOEX markets, and now they can buy Mail.ru Group shares using Russian infrastructure, with clear and convenient rules, and paying in Russian roubles. I hope that Mail.ru Group’s depositary receipts will be actively traded on our Exchange and become popular among individual investors, who are familiar with Mail.ru Group’s business given that the company’s services cover practically all Internet segments and are part of daily life for many Russians," said MOEX CEO, Yuri Denisov.
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