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MICEX-RTS Shareholder Meeting 20 June, Cutoff Date 21 May
14.05.2012 21:29 / Interfax
He says the GSM agenda is due to be finalized at the next Board meeting on 21 May.
He stated that the Monday meeting of the Board summarized the Q1 results, approved the IFRS reports for last year, pre-approved the annual report and discussed IPO preparation and the progress of the exchange’s key projects.
“We proceed as planned. The Board of Directors hears the IPO preparation report at least once a quarter”, he said.
MICEX-RTS President Ruben Aganbegyan said that the exchange is currently in the initial stage of IPO preparation. “We are doing the paperwork, consulting lawyers”, he said.
“We will be technically ready for the IPO by the last month of autumn. After that, it is up to the market situation”, said Shvetsov.
MICEX-RTS plans an IPO by mid-2013, with USD 6bn estimated capitalization. Interfax sources say that the float may be worth some USD 1bn.
Trading infrastructure, Project Group №1, Ruben Aganbegyan, Sergei Shvetsov