RTS Stopped Trading on Novoroscement Shares
OREANDA-NEWS. On 13 March 2008 was announced, that trading on the following securities on OJSC "RTS" will be stopped:
Novoroscement shares (Classic Market ticker - NVRC, T+0 Market ticker - NVRCG);
Novoroscement privileged shares (Classic Market ticker - NVRCP, T+0 Market ticker – NVRCPG).
Trading on the securities will be stopped due to the shareholder’s claim to redeem the stated securities in accordance with the Federal Law "On Joint-Stock Companies", article 84.8, as required by Rules of admission of securities to trading on OJSC "RTS", article 12 paragraph 12.1.13.
The RTS Classic market is the oldest organized stock market in Russia – started its work on July 5th 1995. The prices that are being formed on the Classic market are a well-acknowledged guideline for the investors who make deals with Russian shares and depositary receipts for them. Information on trading on RTS is transmitted to a large number of clients in Russia and abroad and is a basis for calculating the main benchmark of the Russian stock market – RTS Index.
Trading on securities on T+0 market of OJSC RTS is held on the basis of anonymous trading of Order-Driven Market via technology "Delivery Versus Payment" with 100% depositing of assets.
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