DGAP-News: TMK's GDRs Admitted to Trading on the Moscow Exchange
(firmenpresse) - EquityStory.RS, LLC-News: OAO TMK / Key word(s): Miscellaneous
TMK's GDRs Admitted to Trading on the Moscow Exchange
15.10.2013 / 09:19
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October 15, 2013 Press Release
TMK's GDRs Admitted to Trading on the Moscow Exchange
TMK announces that its Global Depositary Receipts (GDR) are admitted to
trading on the Moscow Exchange (MICEX Stock Exchange) and included in the
section of Non-Listed Securities.
TMK is the first Russian issuer with its GDRs to be traded on the Moscow
Exchange. Currently, TMK's ordinary shares are traded in Moscow while its
GDRs are listed in London (LSE) and its American Depositary Receipts (ADR)
are quoted on the OTCQX over-the-counter trading platform. TMK's GDRs were
assigned by the Moscow Exchange the same TMKS ticker as on LSE. TMK's GDRs
will start trading on Wednesday, 16 October.
'TMK's GDRs listing on the Moscow Exchange allows using the securities for
transactions with exchange-traded repos. We believe that these new
opportunities will make our GDRs more attractive to investors, contributing
to better liquidity of the Company's securities,' commented Vladimir
Shmatovich, TMK's Vice President for Strategy and Business Development.
***
For further information regarding TMK please visit www.tmk-group.com or
download the YourTube iPad application from the App Store
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1
***
TMK (www.tmk-group.com)
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in the
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two
R&D centers in Russia and the USA. In 2012, TMK's pipe shipments totaled
4.22 million tonnes. The largest share of TMK's sales belongs to high
margin oil country tubular goods (OCTG), shipped to customers in over 80
countries. TMK delivers its products along with an extensive package of
services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK's securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on the Moscow
Exchange MICEX-RTS.
TMK's production assets structure:
Russian division: American division:TMK Corporate Communications
Volzhsky Pipe Plant; 12 plants of TMK IPSCO;
Seversky Tube Works; OFS International LLC.
Taganrog Metallurgical European division:
Works; TMK-ARTROM;
Sinarsky Pipe Plant; TMK-RESITA.
TMK-CPW; Middle East Division:
TMK-Kaztrubprom; TMK GIPI (Oman);
TMK-INOX; Threading&Mechanical Key Premium LLC (Abu-
TMK-Premium Service; Dhabi).
TMK Oilfield Services.
Ilya Zhitomirsky
Tel: +7 (495) 775-7600
E-mail: pr(at)tmk-group.com
End of Corporate News
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Language: English
Company: OAO TMK
40/2a Pokrovka
105062 Moscow
Russia
Phone: +7 495 775-7600
Fax: +7 495 775-7601
E-mail: tmk(at)tmk-group.com
Internet: tmk-group.com
ISIN: US87260R2013
End of News EquityStory.RS, LLC News-Service
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234628 15.10.2013
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