OREANDA-NEWS. November 23, 2009. OJSC VolgaTelecom notifies of holding public auction of selecting financial institution to render financial services on securities market to VolgaTelecom.

The subject matter of the contract is rendering of Market-maker services related to filing and maintaining the bids for purchase and sale of VolgaTelecom's preferred stock (trading system code - NNSIP) in OJSC Stock Exchange RTS trading in the course of trading session.

Market-maker operation provides for the creation of conditions for reducing volatility of securities and upsurging their liquidity, which makes the issuer’s securities more attractive for the investors.

The initial (maximum) contract price is equal to Market-maker services fee per a month and amounts to RUR 200 000.

The bids for public auction are accepted before December 07, 2009. The results of the auction will be summarized on December 11, 2009. The bids are accepted at: General Directorate, OJSC VolgaTelecom, Dom Svyazi, M.Gorky Square, Nizhny Novgorod, 603000.