Press releases | Archive 2008
MICEX upgrades RBC to Quotation List A1
Moscow, April 2, 2008 - On March 31, 2008, the Board of the MICEX stock exchange has upgraded common shares of OAO RBC Information Systems (MICEX, RTS: RBCI) to the Quotation List A1.
The top-level listing makes RBC stock an eligible investment target for pension and insurance funds. Pension savings portfolios can only include securities from A1 quotation lists of one of Russia's stock exchanges. This restriction has been imposed so as to ensure that pension savings are invested in securities issued by the most reliable, marketable and transparent companies.
MICEX's A1 Quotation List includes both share and bond issuers, as well as mutual fund shares of asset management companies. The quotation list counts 11 companies apart from RBC, including LUKoil, RAO UES of Russia, Sberbank of Russia, Rostelecom and other distinguished issuers.
According to the stock exchange's rules, the Quotation List A1 unites companies boasting no less than RUB 10bn in capitalization and RUB 50m in monthly average trade volumes.
RBC is one of Russia's leading media holdings uniting under its umbrella a number of popular TV, Internet and print mass media. The company runs Russia's only business TV channel, RBC TV, over 28 Internet resources, including the www.rbc.ru news portal, and a number of print media titles (RBC Daily newspaper, as well as RBC and Idei Vashego Doma magazines).