UC RUSAL (symbol: RUSAL / RUAL), the world’s largest aluminium and alumina producer, today celebrated its listing on the professional segment of NYSE Euronext Paris. By listing simultaneously on the Hong Kong Stock Exchange UC RUSAL became the first company to list concurrently on both NYSE Euronext Paris and Hong Kong following an international offering.
Up to 768,068,182 GDSs were admitted to listing and trading on the professional segment of NYSE Euronext in Paris which represents the maximum number of GDSs that could be issued in representation of the entire issued and outstanding share capital of the company as at the listing date, assuming full exercise of the over-allotment option. This is comprised of RegS GDSs (symbol: RUSAL) and Rule 144A GDSs (symbol: RUAL). Each GDS represents 20 ordinary shares.
“We would like to extend a warm welcome to the world’s largest aluminium and alumina producer UC RUSAL, which is a strong addition to the companies already listed on our professional segment” commented Dominique Cerutti, Deputy Chief Executive Officer of NYSE Euronext. “As the first cross-border exchange, we are delighted to give UC RUSAL and many other leading global companies, whatever their business activity, access to the largest liquidity pool in Europe.”
“We look forward to developing a lasting partnership with UC RUSAL and hope to welcome many other Russian companies in the near future” added Ronald Kent, Executive Vice President and Head of International Listings at NYSE Euronext. “This major IPO strengthens NYSE Euronext’s position as a leading market for global companies, offering them optimal visibility and exceptional access to investors from around the world.”
“For UC RUSAL, this IPO marks a very exciting moment. The Paris listing has given us access to a sophisticated pool of investor liquidity in Europe and provided an opportunity for investors around the world to deal with UC RUSAL’s shares almost around the clock. We trust that UC RUSAL’s IPO signifies a major new trend and paves the way for other Russian companies to list in Paris and help cement its position as a leading international financial centre” said Oleg Deripaska, CEO of UC RUSAL.
