LONDON: Globaltrans Investment PLC announced that trading of the Company’s global depositary receipts (GDRs), started on the Moscow Exchange (MOEX) on 28 October 2020.
The GDRs have ticker symbol GLTR and are included in Level One, MOEX’s highest quotation list.
Valery Shpakov, CEO of Globaltrans, commented: “This secondary listing on the Moscow Exchange is another important milestone in our corporate history. Over 12 years ago, we were industry pioneers when we obtained our listing on an international stock exchange, and today we are delighted to become the first company in the freight rail sector to be listed on MOEX.
“It is clear that the Russian investment community is growing rapidly and so this listing creates an important opportunity for us to expand our shareholder base and make our company’s GDRs available to buy and trade in Russia.
“Globaltrans brings together market leading positions, an efficient business model, a blue-chip client base, and an entrepreneurial corporate culture. Since the company was established, its high operating efficiency, fully discretionary expansion CAPEX and conservative borrowing policy have enabled us to both develop and expand with confidence as well as pay attractive dividends to our shareholders. We are delighted to have obtained this listing and hope to attract investor interest on MOEX.”
Yury Denisov, CEO of Moscow Exchange, comments: “Companies come to list on Moscow Exchange to expand their shareholder bases and access new liquidity. Indeed, we are the meeting point for international and domestic institutional investors as well as for more than seven million retail investors. Globaltrans’ listing adds additional portfolio diversification opportunities for Russian equity investors. We wish Globaltrans every success in its journey on Moscow Exchange.”
Globaltrans Investment PLC (“Company”, together with its consolidated subsidiaries “Globaltrans” or the “Group”) is a leading freight rail transportation group with subsidiary operations across Russia, the CIS and the Baltic countries.
The Company was founded in 2004 by a group of entrepreneurs who combined their freight rail businesses under the single brand Globaltrans. These founders remain key shareholders of the Group.
Throughout its years of operation, the Company has pursued a prudent approach to investment, expanding its fleet both by means of organic growth and through the acquisition of other rail operators. Globaltrans’ total fleet is currently almost three times larger than it was at the time of the Company’s IPO in 2008.
Globaltrans global depositary receipts have been traded on the Main Market of the London Stock Exchange (ticker symbol: GLTR) since May 2008 and on the Level One quotation list of the Moscow Exchange since October 2020 (ticker symbol: GLTR).
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