Thursday, 16 April 2015

Board of Directors reviews Gazprom’s activities aimed at gaining new stock markets for Company’s shares - 16/04/2015

Board of Directors reviews Gazprom’s activities aimed at gaining new stock markets for Company’s shares

The Board of Directors took note of the information about Gazprom’s activities aimed at gaining new stock markets for the Company’s shares.

At present, Gazprom’s shares are listed on the Moscow and Saint Petersburg Exchanges as well as Russia’s over-the-counter market. The Global Depositary Receipts (GDRs) against the Company’s shares are traded on the London, Berlin and Frankfurt Stock Exchanges, the Moscow Exchange as well as the over-the-counter markets in the USA and Singapore.

Gazprom continues its work to expand the pool of international investors, including in the Asia-Pacific region. In June 2014 the Company successfully passed the listing procedure on the Singapore Exchange (SGX). Currently, Gazprom is studying the possibility to broaden its presence on the key exchange markets in Asia-Pacific, including to increase the listing level of its GDRs on SGX and to be admitted to listing on the Hong Kong Stock Exchange (HKEx).

HKEx is becoming a leading international stock market and has a trading link with the Shanghai Stock Exchange. The admission of Gazprom’s securities to the HKEx trading will give the Company a number of advantages. Particularly, this will extend the potential for raising finance in the region and will contribute to higher investment attractiveness of the Company in general.

Issues related to broadening Gazprom’s presence in Asia-Pacific and Asian capital markets are discussed by the Company’s top executives with stock market representatives and investors. For instance, in February Gazprom for the first time conducted its annual Investor Day in Hong Kong and Singapore. Special attention was paid by the event participants to Gazprom’s long-term financial strategy on the back of the changed geopolitical environment, the work done to enhance the quality of corporate governance and raise the Company’s stock liquidity.

The Board of Directors entrusted the Management Committee with continuing the work targeted at gaining new stock markets for Gazprom’s shares.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.