RITEK Securities to Be Removed from a List of the Issuers Admitted to the NDC-DCC Bridge

24 September 2009
Print version

MOSCOW – “The National Depository Center” (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, has announced that with effect from 1 October, 2009, Joint Stock Company «Russian innovation fuel and energy company» (RITEK) will no longer be listed among issuers whose securities are administered within the NDC-DCC Bridge. The exclusion of RITEK from the list is connected with the company's share repurchase held in accordance with Clause 84.8 of the Federal Law "On Joint Stock Companies.''

Thus the NDC-DCC Bridge currently services the securities of 86 issuers and 117 securities issues.

Interaction between the two settlement depositories NDC and DCC began on 26 May, 1999, when the first operations using the “bridge” were carried out. The NDC-DCC Bridge allows the execution of direct settlements without any re-registration with the registrars.

About NDC

"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.

Among NDC’s shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).

For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,

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