|
| Tuesday, 5 October 2010, 09:00 HKT/SGT | |
| |  | |
Source: RUSAL | |
|
|
|
MOSCOW, Oct 5, 2010 - (ACN Newswire) - UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world's largest aluminium producer and the first Russian company listed on the Hong Kong Stock Exchange, announces that the board lot size of its shares has been reduced from 24,000 to 6,000 shares. The reduction is effective from 4 October 2010.
Oleg Deripaska, CEO of UC RUSAL said, "The reduction of the board lot size is a valuable tool to help increase demand for our shares. It will make our company more accessible to retail investors looking to expand their investment portfolios. We believe that the aluminium market has a very positive outlook and hope that retail investors find our shares to be a valuable tool for their wealth management. By expanding our shareholder base we hope to increase the liquidity of RUSAL's shares and demonstrate the increasing attractiveness of our company. This development demonstrates our ongoing commitment to transparency and desire to promote RUSAL to the general public in Asia and beyond."
The reduction in the board lot size was approved by the Board of Directors of UC RUSAL on 30 August 2010.
Contact:
RUSAL
Vera Kurochkina
+7 495 720 5170
Vera.Kurochkina@rusal.com
Topic: Press release summary
Source: RUSAL
Sectors: Daily Finance
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
