On August 25, 2011, the Federal Financial Markets Service registered the issue and the issue prospectus of ALROSA shares, placed by conversion at splitting. The state registration number awarded to the issue is 1-03-40046-N.
In conformity with the provisions of the registered decision on the issue, the shares will be converted in one day, on the tenth working day from the date of state registration of the shares issue, i.e. on September 8, 2011.
Pursuant to provisions of clause 1, Article 27.6 of the Federal Law ‘On the Securities Market’, circulation of the Company’s shares (i.e. conclusion of civil-law transactions which involve transfer of the rights of ownership to securities) before the state registration of a report on the results of issue shall be prohibited (i.e. within the period from September 8, 2011, till the date of registration of a report on the results of issue, execution of transactions on alienation of shares will be impossible). The planned date of the report registration is no later than October 17, 2011.
As a result of share splitting, each ALROSA’s share of RUB 13,502.50 par value shall be converted into 27,005 Company shares of 50 kopecks par value each.
It implies that the number of shares held by each ALROSA’s shareholder will increase 27,005 times, at the same time the aggregate par value of shares held by each shareholder as a result of splitting and conversion will remain the same.
The positive effect from the share splitting for the shareholders shall be higher liquidity and, consequently, greater investment attractiveness of the shares.
For more information, go to "disclosure of information"