Media

Ordinary shares of Seligdar PJSC (MOEX: SELG) will be included in the MOEX Russia Index and RTS Index. The Moscow Exchange upon recommendation from the Index Committee compiled revised list of stocks included in the indices effective from September 22, 2023.

MOEX Russia and RTS Indices include the most liquid stocks of the largest Russian companies that comply with the Exchange’s criteria of free-float, liquidity and information transparency. After the changes have entered into force, the Indices will include securities of 42 leading issuers.

The inclusion of the shares in two main stock indices of the Russian Federation is a positive factor that decreases the level of risk for investors and contributes to:

·         growth in investor base, first of all in number of institutional investors that are restricted or limited in investments in stocks not included in the MOEX Russia and RTS Indices

·         increase in the issuer limit in investment portfolio

·         inclusion or increase in percentage of the company’s shares in the investment portfolio of mutual funds, primarily index funds, insurance companies and pension funds

·         expanded opportunities for investing pension reserves by non-state pension funds

·         increase in stock liquidity and investment attractiveness due to larger investor base

The shares of Seligdar PJSC are already included in Broad Market Index, Small and Medium Capitalisation Stock Index, Metals and Mining Index and admitted to Moscow Exchange Level 1 List.

Since the beginning of 2023, the price of Seligdar PJSC’s shares grew 2-fold from 44 to 88 Russian roubles; market capitalisation of the Company reached 90 billion Russian roubles. For the first eight months of the year, average daily number of transactions with the Company’s shares comprised over 13 thousand, average daily trading volume exceeded 300 million Russian roubles including that for the last three months reaching 630 million Russian roubles. The number of the Seligdar PJSC’s shareholders exceeds 90 thousand.

‘Inclusion of Seligdar shares in two main indices of the Russian stock market is the key event for our shareholders and a proof of the Company’s team effectiveness. We are grateful to the Moscow Exchange and the whole investment community for recognition of our achievements,’ noted Konstantin Beirit, President of Seligdar PJSC.