The pre-IPO technical bonus issue is priced at RUB 73,42 per share.

It has been reported earlier that on 30 October, the Federal Financial Markets Service (FFMS) registered Moscow Exchange MICEX-RTS bonus issue of 200mn ordinary shares par value 1 rouble.

The increase in the exchange charter capital is part of the 29 June 2011 MICEX-RTS integration agreement.

In August 2012, Moscow Exchange President Ruben Aganbegyan said that IPO volume is the only indicator, as set in the RTS-MICEX integration shareholder agreement at the minimum of RUB 9bn. This volume determines the bonus issue amount of 200mn.

The exchange plans to float the bonus issue as a private offering and register the report in time for the exchange shares to become tradeable by the time of the IPO.

According to the Exchange release, the Board has set the extraordinary GSM date for 18 December. The GSM will approve the new charter and the Advisory Board regulation, due to the proposed renaming of the Board of Directors into Advisory Board, part of the ongoing stock exchange corporate reform.

The Board of Directors considers “Advisory Board” more consistent with international terms in regard to its functions, despite both names deemed equal by Russian law. The “Advisory Board” name highlights strategy approval and control functions as part of the general management process.

Trading infrastructure, Project Group №1, Ruben Aganbegyan