RTS Stock Exchange to buy shares in Depository Clearing Company from National Depository Center

RTS Stock Exchange to buy shares in Depository Clearing Company from National Depository Center

03/02/10

On February 2, 2010 the Board of Directors of RTS Stock Exchange passed a resolution  accepting the offer of National Depository Center to purchase its stake in Depository Clearing Company.

The Board of Directors of RTS judged this offer beneficial for both parties. In accordance with the terms of the deal RTS will buy 37.29% of DCC shares at the price offered by NDC based on the value of DCC’s net assets as per the financial statements of DCC for 2009 reviewed by the auditors in accordance with the IFRS.

"We believe this decision will increase our credibility and understanding between the market participants and will have a favourable effect on further development of the market infrastructure", - says Roman Goryunov, CEO of RTS Stock Exchange.