TNK-BP announced today that ordinary and preference shares of OJSC TNK-BP Holding, a Russia-domiciled subsidiary of the Group, will be included in the RTS Index and the RTS Oil & Gas Sectoral Index from March 16, 2011.
The ordinary and preference shares will account for 1.4% of the main RTS Index and 3.3% of the RTS Sectoral Index.
“Admission to trading of TNK-BP Holding’s shares on Russia’s two leading stock exchanges – the RTS and the MICEX – was launched last December in the interests of our minority shareholders and increased liquidity of the company’s stock”, said TNK-BP’s CFO Jonathan Muir.
“Inclusion of TNK-BP Holding’s shares in both the sectoral and main RTS Indices once again confirms the high level of interest in our paper from the investment community.”
The RTS Index is calculated from a list of shares selected by the RTS Index Committee on the basis of capitalization and liquidity indicators and expert evaluation.
The list is revised every three months and is based on 50 large-cap stocks.
The RTS Sectoral Indices include shares of companies in specific sectors of the economy.
The weighting of any issuer is limited to 25%, while the number of stocks in the indices varies between 10 and 15.
