OREANDA-NEWS. November 21, 2011. On November 17, 2011 a meeting of the Board of Directors of ZAO MICEX took place. At the meeting a resolution to call and hold an extraordinary general shareholders meeting on December 8, 2011 was made.

In addition, draft a new version of the MICEX Articles of association was considered. The new version of the document provides changing the name of ZAO MICEX and its form of organization to open joint-stock company necessary to move towards an IPO of the integrated exchange. The MICEX Board of Directors advised the general shareholders meeting of MICEX to approve full business name Open joint-stock company "MICEX-RTS" as a temporary name for the integrated exchange.

Moreover, the Board of Directors recommended that the participants of extraordinary general shareholders meeting pass the Regulations on the procedure for preparing, calling and holding the general shareholders meeting and the Regulations on the Exchange’s Board of Directors which were substantially revised in comparison with the current versions of the mentioned documents and which implementation represents an important step forward in improving the corporate governance system of the MICEX Group.

The participants of the meeting also decided to hand over the maintenance of the shareholders register to an independent registrar ahead of the two bourses merger and the reorganization to open joint-stock company.