9 June 2014
In connection with the new Listing Rules of MICEX Stock Exchange coming into force today, renewed List of securities eligible for trading was formed in three parts: Level 1 and Level 2 comprising the Quotation List, and Level 3 which is the Non-quotation part of the List. Ordinary non-documentary registered shares of Bank Vozrozhdenie are included into Level 1 Quotation List.
The new structure closely sticks to the international standards. The key developments of the listing reform are introduction of free float ratio criterion and extension of the term for providing IFRS financial statements (from one to three years) for issuers whose securities are included into Level 1 Quotation List. Beyond that, the requirements to quality of issuers’ corporate procedures are getting tougher to correspond to the new Code of corporate governance developed by the Bank of Russia.
V.Bank’s ordinary shares are admitted for trading on MICEX since 1998. After listing in 2006 they were included into Quotation List B, in July 2007 — into Quotation List A2. In June, 2013, the bank’s ordinary shares were transferred to Quotation List A1 which includes the most reliable companies, according to MICEX assessment.
Current free float of V.Bank’s ordinary non-documentary registered shares is about 40%.
The Bank’s soundness, business reputation and corporate governance structure meet the highest requirements to issuers whose shares are included into the stock exchange Quotation List. Adhering to principles of information transparency, Bank Vozrozhdenie continuously improves its corporate management system and traditionally uses the highest international standards of corporate governance.