RusHydro's Depositary Receipts Admitted to Trading on MoEx
OREANDA-NEWS. JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's American Depositary Receipts (ADR) are admitted to trading in repo market section on Moscow exchange (MOEX) starting from April 21, 2014.
It was a result of the new federal law dated December 21, 2013 N379, which facilitated access to repo market of securities not listed in Russia.
Trading of RusHydro's ADRs on MOEX allows professional participants of Russian securities market to make transactions with the Company's ADRs, expanding the spectrum of market instruments.
Currently, the total number of RusHydro's ADRs representing the Company's shares at a ratio of 1:100 is 201,969,079, or 5.23% of the Company's share capital.
 Repurchase agreements (Repo) are bilateral transactions on the purchase (sale) of securities (first part of Repo) under the obligation of reverse purchase (sale) of the same securities in the same amount (second part of Repo) in a period and at a price determined by the conditions of the transaction.