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Transneft Widens Opportunities of Trading in Preferred Shares

Date of publication: 1 April 2021

Trading in 0.1 preferred share futures of Transneft has commenced today at the Moscow Exchange; this will increase accessibility and convenience of dealing with derivatives to Transneft’s preferred shares for retail investors.

To raise liquidity and convenience of working with its securities for institutional and retail investors, Transneft has contracted Gazprombank to provide market maker services in the preferred share and futures markets at the Moscow Exchange.

In 2020, the funds of retail investors accounted for 6.4% of total preferred share in the Transneft equity, having increased by more than 40% year-on-year. As part of its liquidity and capitalisation buildup strategy, the Company, together with its consultants, continues to prepare for a share split.

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