Moscow, 28 July 2005: CenterTelecom (RTS: ESMO, ESMOP, MICEX: CTLK, CTLKP and US OTC: CRMUY) is pleased to announce the listing of its Level 1 ADRs (American Depositary Receipts) on the Frankfurt and Berlin stock exchanges, effective from 28 July 2005.
Commenting on the listings, Ruben Amaryan, General Director of CenterTelecom said “I am delighted that CenterTelecom has successfully listed on the Frankfurt and Berlin stock exchanges. Germany is an important European financial center. I believe this is a significant step towards expanding our European shareholder base and introducing further liquidity in our shares.”
The international codes for CenterTelecom’s ADRs are:
RIC: - CRMUy.F (Frankfurt SE)
- CRMUy.BE (Berlin SE)
CenterTelecom’s Level 1 ADRs are included in «Freiverkehr» market segment («free circulation»).
Circulation of CenterTelecom’s ordinary shares (state registration number: 1-04-00194-? dated December 16, 2005) outside the Russian Federation in the form of ADR, and in number of 623 312 699 units from the total ordinary shares issue of 1 578 006 833 units, is authorized by the FFMS (Federal Financial Markets Service of Russia) Decree #05-58/??-? dated January 19, 2005. One ADR equals 100 ordinary shares of CenterTelecom. At the moment about 1.5% of the total number of the ordinary shares participate in the ADR program. JPMorgan Chase Bank is the depositary bank.
For more information, please visit www.centertelecom.ru or contact: