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MICEX CJSC to Perform 1:10000 Share Split, New Par Value RUB 1.

16.09.2011 16:00 / Interfax

The Federal Financial Market Service (FFMS) has registered a MICEX CJSC ordinary shares issue, placed though a split/conversion, says a stock exchange press release.

The issue volume is 1 billion and 659,84 million shares, par value 1 rouble. The issue registration number is 1-05-08443-Н.

An extraordinary MICEX CJSC shareholders meeting voted for the split on 5 August. Today, the stock exchange charter capital amounts to RUB 1.659,84 bn, split into ordinary shares with par value RUB 10k. One RUB 10k share will be converted into 10 thousand shares with par value RUB 1.

The split has been effected in order to simplify the exchange for RTS shares with par value RUB 1 and in preparation for the IPO slated for 2013.

The majority RTS and MICEX shareholders signed a framework merger agreement on 29 June. The agreement allows RTS shareholders to exchange up to 35% shares for cash, and exchange the rest for MICEX shares at a 3:1 ratio. The legal RTS-MICEX merger is set for 19 December.

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