New free float methodology to take effect from 31 October 2016

A new version of the Moscow Exchange Free Float Methodology will come into force on 31 October 2016.

The new methodology defines more precisely criteria to be applied to securities to determine their free float. In particular, such criteria include a minimum liquidity ratio (defined by the turnover rate, i.e. a percentage of the exchange-traded securities in the total number of the issuer"s securities) and the minimum number of the company"s shareholders (not applicable within six months after the security was placed).  

According to the Methodology, the Exchange establishes free floats upon recommendations from the Index Committee comprising analysts from the leading Russian brokers and market experts. The Methodology covers shares being already on the Exchange"s lists or under consideration for listing.

For further information, please contact the Public Relations Department at (495) 363-3232.