Ordinary shares of the international gold mining company Nordgold of the family of Alexei Mordashov are admitted to trading on the Moscow Stock Exchange, the site said in a statement.
“In accordance with the listing rules of PJSC Moscow Exchange, the Chairman of the Management Board on June 9, 2021 made the following decision: to include in the“ First Level ”section of the list of securities admitted to trading in PJSC Moscow Exchange, in connection with the receipt of a corresponding application, ordinary shares of Nord Gold PLC. , – said in a statement.
It is noted that the company’s shares will receive the trade code NORD.
Nordgold announced plans for a secondary listing on the Moscow Exchange on June 3. At the same time, the company announced its intention to apply for a placement of shares on the London Stock Exchange (LSE). The gold miner indicated that after the placement of shares, the volume of free float will be at least 25%. The company expects that as a result of the listing, it will be able to get into the FTSE indices.
Previously, Nordgold was already traded on the London Stock Exchange. The company entered it in 2012, and in February 2017 announced a delisting. The gold miner explained this decision by his “underestimation”.
Nordgold is an international gold mining company. Its production volume exceeds 1 million ounces per year. Nordgold manages nine factories in Russia, Kazakhstan, Burkina Faso and Guinea. 35% of the gold miner belongs to Alexei Mordashov, who this year topped the Forbes list of 200 richest businessmen in Russia. The publication estimated his fortune at $ 29.1 billion. Another 65% of Nordgold is owned by KN-Holding, which was previously owned in equal shares by Mordashov’s sons, Kirill and Nikita. On January 20, the Federal Antimonopoly Service (FAS) approved Kirill’s petition to increase his stake in KN-Holding to 100%. This happened after Nikita was expelled from the Higher School of Economics and was sent to the army.
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