OREANDA-NEWS. October 1, 2009. “The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced today that its board of directors meeting 29 September through absentee voting voted to withdraw from Bank "National Clearing Centre" Closed joint-stock company (NCC) through the sale of 4,700 common registered shares of NCC to MICEX.

NDC's board of directors has set a value for the transaction and has approved the terms of a sale and purchase agreement to be concluded between NDC and MICEX. It has been decided to decline a preferential right to acquire common non-documentary registered shares in Settlement depository company (Closed Joint Stock Company) (SDCO) sold by Gazprombank, another SDCO shareholder.

NDC's directors have approved Regulations regarding NDC's St. Petersburg branch and Siberian branch (Novosibirsk).

NDC's board of directors also approved a sponsorship of a CSD forum to be held by the Association of Eurasian Central Securities Depositories (AECSD), and considered a number of other issues.