26 February 2004 23:30
RTS proposes to brokers to buy RTS Stock Exchange shares
MOSCOW. Feb 26 (Interfax) - The Russian Trading System on Wednesday officially proposed to the 15 most active brokers
on the ruble stock market to become shareholders in OAO RTS Stock Exchange - the new exchange on which it is planned to
organize exchange share trading in rubles.
Participants in the meeting with RTS management told Interfax that the most active brokers, chosen based on total
trading with shares in the MICEX, RTS and St. Petersburg Stock Exchange in 2003, received a proposal to buy 60% of
shares in the company for 3.2 million rubles for a 4% packet each. The remaining 40% will be split as follows: 10% will
be transferred to NP RTS Stock Exchange, 10% - to RTS Technical Center, 5% - to exchange management, and the remaining
15% will be distributed among other market participants.
Shareholders may change in the future depending on trading volume on the ruble market. Two thirds of shares in these
4% packets will be sold to the most active market participants at the end of 2004 at not less than face value, so that
the owners of the shares are remain active market participants.
The 15 most active brokers include Alor Invest, VEO Otkritye, Finam, Lefko Bank, NOMOS Bank, Guta Bank, Solidarnost
Bank, BorkerCreditService, Renaissance Broker, NIKoil, Aton, Troika Dialog, Alfa Bank, UFG and Web-invest.ru.
Of the above-mentioned companies, the last eight are on the board of directors of the RTS, therefore they already
knew about the proposal. The other brokers had a number of questions. [RU EUROPE ASIA EEU EMRG STX] rd <>
[Interfax] |
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