Stocks of Belon Group Entered Quotation List “B” at RTS
OREANDA-NEWS. July 28, 2008. Based on the listing procedure carried out by the OAO Russian Trading System Stock Exchange (RTS) and according to its Instruction No. 122 as of July 23, 2008 the stocks of ОАО Belon have been included in the quotation list “B”. As part of the list the company’s securities will be admitted to stock trading starting July 29, 2008.
Over 2007–2008, the company has been nominated among the leading Russian issuers in the rate of growth of their stock value. The stocks listing testifies to the growing investment appeal of the Belon Group, whereas inclusion thereof in the list “B” ensures the rising demand for and higher liquidity of the company’s securities as a result of the Group’s efficient work towards improving the level of the corporate management and its transparency.
The RTS listing procedure as a mandatory provision for the distribution of stocks at various International Stock Exchanges is yet another step to achieve this goal, with the next step to be taken by the Belon Group—participation in the listing procedure of the Moscow Interbank Currency Exchange (MICEX).
Prior to their inclusion in the quotation list “B” starting June 2006, the company’s stocks were sold as part of the RTS non-listed stock sector.
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