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| Monday, 13 December 2010, 08:35 HKT/SGT | |
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Source: RUSAL | |
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MOSCOW, Dec 13, 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 today.
Oleg Deripaska, CEO of UC RUSAL said, "Since the board lot size was reduced from 24,000 to 6,000 shares, there was increase demand for RUSAL's shares, as proven by a rise in average daily trading volume. A further reduction in the board lot size is a clear indication of our desire to improve the liquidity of the shares and broaden our shareholder base. This will make our company more accessible to retail investors looking to expand their investment portfolios. We believe that the aluminium market will have a very positive outlook and hope that retail investors will find our shares to be a valuable tool for managing their wealth."
Contact:
Vera Kurochkina
+7 495 720-51-70
vera.kurochkina@rusal.com
Topic: Issue of Stocks/Bonds
Source: RUSAL
Sectors: Metals & Mining, Daily Finance
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From the Asia Corporate News Network
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