OREANDA-NEWS. April 13, 2012. At the recent meeting of the Board of Directors of Baltika Breweries, it has been decided to delist the company’s shares from the MICEX Stock Exchange.

An application to delist the company’s shares, i.e. to exclude the shares from the list of securities available for trade on the stock exchange, has been sent to MICEX. Once the official delisting procedure is complete, which according to MICEX’s rules can take up to three months, trading in Baltika’s shares will cease. Share transactions will be possible only on the off-exchange market.

The decision to delist the company has been taken due to the low liquidity of the shares and the low trading volume. Delisting will allow the company to cut administrative costs related to the circulation of shares on the stock exchange.