Shares of IPJSC MD Medical group jump 23.6% in first trading day on MOEX following redomiciliation

MOSCOW. June 17 (Interfax) - Shares of IPJSC MD Medical Group (MDMG, manages the Mat I Ditya maternity clinic chain) jumped 23.6% (to 1324.9 rubles per share) on the MOEX as they resumed trading on Monday following the company's redomiciliation; the exchange announced a discrete auction for these securities.

The MOEX stopped trading the global depositary receipts (GDRs) of MD Medical Group on May 25 due to the upcoming conversion of the company's securities following redomiciliation.

MD Medical Group completed its redomiciliation to Russian territory at the end of May. The company is registered in the special administrative region (SAR) on Oktyabrsky Island, Kaliningrad Region, as an international company of public joint-stock company MD Medical Group Investments (IPJSC MD Medical Group).

The MOEX held a discrete auction for ordinary shares of MD Medical Group in T+ trading mode from 10:40 to 11:10 Moscow time due to an increase in their price by more than 20%. In other non-addressed trading modes, trading will occur in accordance with established regulations during the discrete auction period.