OJSC Cherkizovo Group (LSE: CHE) one of Russia’s leading integrated and diversified meat producers, announces the transfer of its bonds onto quotation list ‘A 2’ at MICEX.
The Executive Board of MICEX made the decision to transfer Cherkizovo bonds from quotation list ‘B’, where bonds were since February 6, 2007, to quotation list ‘A 2’. This means that the Group has passed all necessary tests and met all requirements of the MICEX.
Inclusion of a company’s bonds onto quotation list ‘A 2’ is possible only if it satisfies stringent requirements regarding financial results, liquidity, corporate governance and procedures for information disclosure. The MICEX regulations regarding corporate governance and information disclosure correspond with the highest international standards.
Cherkizovo bonds are documentary inconvertible interest bonds to bearer series 01 with an obligatory centralized storage of 2 000 000 bonds with a nominal value 1 000 RUR per bond. The state registration number of the bonds issued is 4-01-10797-A (registration date – May 11, 2006).
Conversion of bonds in quotation list ‘A 2’ of the MICEX starts today - on June 28, 2010.
Sergey Mikhailov, CEO of Cherkizovo Group, said: “We are glad that following the transfer of our shares to quotation list ‘A 2’ on April 1, 2010, a decision was made to transfer our bonds to this similar list. This reconfirms our commitment to the highest standard of corporate governance and will enable us to expand the base of potential investors and increase the investment appeal of our Company”.