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Komsomolskaya Pravda, - April 3, 2008 RBC's shares placed in Micex's Quotation List A, 1st level
The common shares of OAO RBC Information Systems have been upgraded to Micex's Quotation List A, 1st level, according to the stock exchange's decision from March 31, 2008. Now that they are on the highest quotation list, RBC's shares are an eligible investment target for pension and insurance funds. Currently, pension funds are only allowed to add to their portfolios securities included in A1 quotation lists by one of the Russian stock exchanges. The restriction is aimed at confining the investment of pension accruals to only the most reliable, liquid and transparent issuers. Micex's Quotation List A, 1st level, includes both equity and bond issuers, as well as shares of asset management companies. Alongside RBC, 11 more companies are on the list, including such giants as Lukoil, RAO UES, Sberbank, Rostelecom and other well-known issuers. The exchange's rules are that the Quotation List A1 can only embrace companies with a capitalization of no less than RUB 10bn (approx. USD 422.48m) and an average monthly trade volume of no less than RUB 50m (approx. USD 2.11m). RBC is one of Russia's largest media holdings incorporating a number of popular mass media in the TV, Internet and press segments. The company runs Russia's only business news channel, RBC TV, over 28 Internet resources - including the news web portal www.rbc.ru - and a number of print publications (RBC Daily newspaper, RBC magazine, Idei Vashego Doma).
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