MOSCOW, June 22. /TASS/. Mail.ru Group has applied for the listing of global Depositary receipts (GDRs) on the Moscow exchange, said in a statement.
In the case of the approval of the application, the first auction will be held in the coming weeks.
In March, the Board of Directors Mail.ru Group approved the holding of a listing on Masuria. The company expected that trading will commence in the first half of 2020. This assumes that the listing is not accompanied by additional issue.
According to the Director Mail.ru Group Boris dobrodeeva, given that the company is not traded on the Russian stock exchange, it is important that users of the company services from Russia also had access to trading. In addition, listing on Masuria can increase the potential liquidity of securities that are held by institutional investors and expand the investor base. In addition, the company relies on the inclusion of new stocks.
the stock is Mail.ru Group are traded on the London stock exchange, IPO on it holding held in 2010. In the number of shareholders Mail.ru Group consists of South African media holding Naspers (27.6% of the share capital), China’s Alibaba (10%), Chinese telecommunications company Tencent (7.4 per cent) and “MT Technology” (5.2 percent). Free float Mail.ru Group is 49.8 per cent.