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ANK Bashneft' OAO To Start Trading Combined Share Issue On MICEX Stock Exchange


Thursday, 21 Feb 2013 07:00pm EST 

ANK Bashneft' OAO (Bashneft) announced that it is planned to start trading a combined share issue of Bashneft on the MICEX Stock Exchange before the end of February 2013. On February 21, 2013, the Federal Service for Financial Markets (FSFR) abolished individual registration numbers (codes) of Bashneft’s additional share issues after the three-month term from the date of state registration of the report on additional issues as of November 13, 2012, stipulated by the legislation, had expired. In October 2012 additional issues of JSOC Bashneft’s securities were exchanged for the shares of OJSC Ufimsky refinery plant, OJSC Novoil, OJSC Ufaneftekhim, OJSC Bashkirnefteprodukt and OJSC Orenburgnefteprodukt as part of completing Bashneft’s reorganization. On November 20, 2012, the stock exchange decided that the mentioned additional issues of securities should be admitted to trading; as a result, 18,540,833 ordinary shares and 4,051,192 preferred shares of JSOC Bashneft were admitted to trading in addition to the Company’s securities which were already traded. As a result of combining the additional and the main issues of JSOC Bashneft’s shares, the Company’s ordinary and preferred shares will be traded on the MICEX Stock Exchange under uniform trading codes (ticker symbols) BANE and BANEP respectively. 

Company Quote

1874.0
-154.2 -7.60%
10:48am EDT