Cherkizovo Group announces change of quotation list for the shares at the Moscow ExchangeJune 22, 2018
Moscow, Russia – June 22, 2018 – Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces that the Moscow Exchange (“MOEX”) decided that the Company shares will be moved from Quotation List 1 to Quotation List 3.
This decision is owing to the fact that the Company did not meet List 1 criterion for free float threshold of 7.5% for the six consecutive months preceding decision, and as such the Company’s shares will be moved to Quotation List 3, effective June 26, 2018.
As previously stated, the Company is committed to raising both its free float and trading liquidity on MOEX through a capital markets transaction at an appropriate time. Upon such event, the Company intends to apply for listing on Quotation List 1 again.