The additional shares recently issued by Russia’s SBERBANK will trade on the RTS beginning March 30, and on the MICEX starting April 2 on the ’A’ quotation list. However, the quotations will have a code unlike that under which SBERBANK shares traded before and only three months later will the securities be grouped together. Despite the fact that exchanges are seeking securities only at the beginning of April, the Central Bank of Russia (CBR), SBERBANK’s principal shareholder, decided to register the report on issue results as soon as possible. During an additional share issue, SBERBANK placed 2.587 million shares worth R230.2 billion. The bank’s shares were taken over by 30,000 individuals and 188 legal entities. After the shares were placed, the CBR had 60.3% in SBERBANK.
Source: KOMMERSANT, March 30, 2007
