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| Friday, 12 November 2010, 13:10 HKT/SGT | |
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Source: RUSAL | |
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TOKYO, Nov 12, 2010 - (ACN Newswire) - UC RUSAL Plc (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces that the board lot size for its shares for trading on the Hong Kong Stock Exchange will be changed from 6,000 to 1,000 shares with effect from 9:30 a.m. Hong Kong time on 13 December 2010.
The change in board lot size may improve the liquidity of the shares and enable the company to attract more investors and broaden its shareholder base.
The first step in this direction was made in August 2010 when the Board of Directors of RUSAL approved the reduction of the existing board lot size from 24,000 to 6,000 shares. Following that decision, the average daily trading volume of RUSAL shares increased to an average of 3.6 million shares in September and October, representing a 40% increase to an average for the three previous months. Share price has also increased by 29% to HK$10.50 on 11 November 2010.
Contact:
Vera Kurochkina
+7 (495) 720-51-70
vera.kurochkina@rusal.com
Topic: Corporate Announcement
Source: RUSAL
Sectors: Metals & Mining, Daily Finance
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From the Asia Corporate News Network
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