Bank of Russia takes measures to maintain securities in quotation lists

The Bank of Russia has determined a grace period to comply with the requirements for securities to be maintained in quotation lists:

•  with respect to the presence of independent directors in the Board of Directors (Supervisory Board), as well as its committees, before the expiration of one month from the date of the annual meeting of shareholders of the issuer on the 2022 results;
•  with respect to the number of the issuer’s shares in circulation — until 1 July 2022;
•  with respect to the level of the credit rating of the issuer (the issuer’s bond issue) or the surety (guarantor) that meets the requirements as of 1 February 2022 — until 1 October  2022.

This information has been communicated by the Bank of Russia to the trading authority.

The implementation of these measures will allow issuers whose securities are included in the stock exchange quotation lists to maintain the current level of listing.

The reference to the Press Service is mandatory if you intend to use this material.

06.03.2022 13.08.00