6 September 2017, 10:22

Moscow. PJSC “RussNeft” ordinary shares are included into the Moscow Exchange indices from September 22, as reported by the Company’s press service.

In particular, the shares will be included into the MICEX Index, RTS Index, Broad Market Index and Oil & Gas Index.

The new scope of MICEX and RTS indices will also cover depositary receipts for Lenta ltd. shares from September 22. At the same time, ordinary shares of Uralkaliy and preferred shares of Bashneft will be excluded.

“Inclusion of the Company’s shares into the Russian stock indices is a key stage in the development of “RussNeft” which will definitely increase the interest to its shares from a broad circle of investors” according to Mikhail Gutseriev, the owner of the Company.

In late November 2016, PJSC “RussNeft” held IPO at the Moscow Exchange and the Company’s ordinary shares were listed in Level 1. At that time, Belyrian Holdings Limited and its subsidiaries in beneficial ownership of the Gutseriev family sold 20% of PJSC “RussNeft” ordinary shares (15% of the charter capital) at the Moscow Exchange. In particular, Belyrian Holdings Ltd sold 6.41% of the ordinary shares which it owned directly. Its subsidiaries Bradinor Holdings Ltd (5.426%) and Cromeld Management Ltd (7.48%) also acted as sellers and are no longer shareholders of PJSC “RussNeft”.

Neither the company, nor the deal makers disclosed the buyers’ identities.

The charter capital of “RussNeft” is split into 294,120,000 ordinary shares and 98,032,000 preferred shares, 50 kopecks each. Following the IPO results, the Gutserievs family owns 60% of the charter capital (47% of the ordinary shares), Glencore plc trader controls 25% of the capital (33% of the ordinary shares), 20% of the ordinary shares (15% of the charter capital) are in free float.