2 Mar 2020 07:00
Mail.ru Group's Board of Directors approves listing on Moscow Exchange
Mail.ru Group Limited (LSE: MAIL, hereinafter referred as "Mail.ru Group" or the "Company"), one of the largest Internet companies in the Russian-speaking Internet market, today announces that following the commentary on February 26th 2020 the Board of Directors has approved the listing of global depositary receipts (GDRs) of the Group on Moscow Exchange.
The plan is for Mail.ru Group's GDRs to begin trading in Moscow during H1 2020. There will not be any secondary issuance accompanying the listing.
Boris Dobrodeev, CEO of Mail.ru Group (Russia), said: "We remain committed to public markets and we want to be accessible for all types of investors, including those based in our core market. We want our local users to not only enjoy the broad range of our services but also have easy access to our equity. Additionally it is very important that our institutional investors have the benefit of potentially higher liquidity. Following our target listing on Moscow Exchange we expect to further diversify our investor base and see the Company included in new equity indexes."
For further information please contact:
Investors
Tatiana Volochkovich
Phone: +7 495 725 6357 extension: 3434
Mobile: +7 905 594 6604
E-mail: t.volochkovich@corp.mail.ru
Press
Sergei LuchinMobile: +7 (925) 347-83-81E-mail: s.luchin@corp.mail.ru
About Mail.ru Group
Mail.ru Group (MAIL, listed since November 5, 2010) is the largest internet business in Russia in terms of total daily audience (Mediascope Web Index Desktop+Mobile, Russia 0+, population aged 12-64, December 2019).
Mail.ru Group is developing the leading domestic internet communications and entertainment platform. The company owns Russia's two largest Russian language social networks, VKontakte (VK) and Odnoklassniki (OK), leading email service, one of Russia's largest internet portals (Mail.ru), and four instant messaging services. The company also holds the international gaming brand MY.GAMES, with a portfolio of hundreds of popular games for a range of platforms and over 600 million users worldwide. In 2019, Mail.ru Group Tech Lab was launched with a primary focus on technology and innovation development.
Mail.ru Group is a shareholder of AliExpress Russia JV along with Alibaba Group, MegaFon and Russian Direct Investment Fund. The company partners with Sberbank to jointly develop O2O service platform targeting food delivery and taxi markets.