The Moscow Exchange is transferring Gazprom's shares from the Non-Listed Securities Register to the Quotation List A Level 2 (QL A2).
“Gazprom sustains sound financial stability. The Company has a transparent business structure, an open information policy and a high quality corporate governance system which we are continually improving. And here is another evidence of our efforts – the Moscow Exchange is including Gazprom's shares in the Quotation List A2. This is an important step towards increasing the Company's capitalization and liquidity of securities,” said Elena Mikhailova, Member of the Management Committee, Head of the Asset Management and Corporate Relations Department of Gazprom.
“The fact of transferring Gazprom's shares to the Quotation List A2 is a milestone event for the whole Russian stock market. The listing reform is due next year, whereby the Lists A1 and A2 will be unified. Besides, adding the issuer's securities to the top quotation list will enable the Company to attract more Russian investors, in the first place, through companies managing pension savings and insurance reserves,” said Anna Kuznetsova, Managing Director of the Moscow Exchange.
Source: Gazprom, 2013.