OJSC Cherkizovo Group, one of Russia’s leading integrated and diversified meat producers, has transferd of its shares onto quotation list ‘A 1’ at MICEX.

The Executive Board of MICEX has given the go-ahead for the transfer of Cherkizovo shares from quotation list ‘A 2’ to quotation list ‘A 1’.

The company said that this reflects Cherkizovo’s full compliance with the financial and corporate governance requirements necessary for an ‘A 1’ listing on MICEX.

The transfer to list ‘A 1’ is likely to improve liquidity in Cherkizovo shares over time, by expanding the potential investor base to include Russian non-government pension funds, management companies accredited by the Russian State Pension Fund, insurance companies and others. MICEX started trading Cherkizovo shares on quotation list ‘A 1’ from March 2, 2012.

The state registration number of the shares issued is 1-02-10797-A, with 43 069 355 units of ordinary nominal uncertified shares in issue, with a nominal value 0.01 RUR per share. Shares of the additional share issue of 894 418 units with the state registration number 1-02-10797-A-002D will be added to the main issue after the annulment of the additional code by the Federal Financial Markets Service. They will start trading on MICEX at the end of March 2012.

Sergey Mikhailov, CEO of Cherkizovo Group, said: «The admission of Cherkizovo’s shares to MICEX Quotation List A 1 is likely to improve liquidity by expanding the potential investor base in the Company. Cherkizovo’s inclusion in the top listing category of MICEX reflects the Group’s continued focus on best practice standards of corporate governance." Cherkizovo’s shares are also listed on the London Stock Exchange (LSE) through GDR’s.