On August 4, 2008 the Management Board of MICEX Stock Exchange, one of the two Russia’s largest organized marketplaces, passed the resolution on admission of common shares of Far-Eastern Shipping Company Plc for trading at MICEX as non-listed securities. According to Stanislav Vartanyan, FESCO Director for corporate communications, "admission of FESCO shares for trading at MICEX means additional convenience for investors by offering a wider choice of available marketplace and clearing and settlement systems. For the company itself the possibility to trade our shares at both Russian largest exchanges creates solid prerequisites for increased liquidity. In the future, FESCO may also explore the possibility of launching the full listing at MICEX".
As of August 4, 2008 the total number of FESCO shares outstanding is 2,951,250,000 common shares (tickers FESH/FESHG for both RTS and MICEX), listed on RTS Stock Exchange, Level "B".
As of August 4, 2008 the total number of FESCO shares outstanding is 2,951,250,000 common shares (tickers FESH/FESHG for both RTS and MICEX), listed on RTS Stock Exchange, Level "B".