Globaltrans files for listing on Astana International Exchange

MOSCOW. Oct 16 (Interfax) - Globaltrans Investment Plc on October 15 filed an application for admission to listing and trading its GDRs on the Astana International Exchange (AIX), the rail haulage company said.

As reported, Globaltrans' board of directors on September 13 approved the listing of the company's GDRs on the AIX and the voluntary delisting of GDRs from the London Stock Exchange, the Moscow Exchange, and the SPB Exchange, respectively.

The AIX is expected to become the sole trading platform for the company's GDRs after delisting from the LSE and the Moscow and St. Petersburg exchanges.

Globaltrans also reportedly filed an application on October 7 to delist GDRs from the Moscow Exchange.

In connection with the delisting and transition to a single listing on the AIX, Globaltrans' subsidiary, GTI Finance LLC, on October 8 launched a buyback of the company's GDRs, whose rights are recorded in the National Settlement Depository (NSD) and SPB Bank, at 520 rubles per security.

Trading will cease in Globaltrans' GDRs on the Moscow Exchange on November 12, and trading in GDRs in the T+1 mode will cease on October 21.