New Par Value Inter RAO Shares Begin Trading on Moscow Exchange
OREANDA-NEWS. JSC Inter RAO shares (state registration number 1-04-33498-E from 23.12.2014) with a par value of RUB 2.809767 will begin trading on the Moscow Exchange on 20 January 2015. Thus the company has executed the decision to increase the par value of issued stocks 100-fold. The decision was made at the AGM in May 2014. The move is set to raise liquidity and investment attractiveness of Inter RAO shares.
Inter RAO shares (ticker symbol "IRAO" remains) are included in the first level listing of the Moscow Exchange.
The trading of company's Global Depositary Receipts (each GDR represents 100 shares of the new par value) on the London Stock Exchange International Order Book platform will begin on 20 January 2015.
Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and the leading Russian energy company by energy efficiency. Inter RAO Group owns and operates over 35 GW of installed power generation capacity.
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