Ordinary shares of ALROSA have been admitted to trading on MICEX after their listing by including them in the Quotation List A of the second-tier securities list permitted to be traded at MICEX. The Exchange approved the relevant changes to be introduced into the list of securities admitted to trading, which will enter into force on April 23, 2012. Rough&Polished was told that this was stated in a MICEX letter to Fyodor Andreev, President of ALROSA.
This news precedes the scheduled meeting of ALROSA’s Supervisory Board slated for April 24, which will outline the agenda of the annual shareholders’ meeting tentatively scheduled for June 30, 2012.
ALROSA is Russia's largest diamond producer, which accounts for about 30% of the world’s diamond output. In 2011, ALROSA Group produced 34.6 million carats of diamonds. The Group’s sales reached $4.45 billion. The company gained a net profit of RUB 29.5 billion under the Russian Accounting Standards (RAS), while its revenues were RUB 117.78 billion. In 2012, ALROSA plans to earn $5.1 billion selling rough and polished diamonds.
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