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MOSCOW, Jul 7 (PRIME) -- The MICEX exchange will delist common shares of Russian heavy machinery group OMZ, or UralmashЦIzhora Group, from August 8, the exchange said in a statement on Monday.
The exchange did not give any details on delisting the groupТs preferred shares, which are also traded on the exchange. OMZ Group could not be reached for comment.
OMZТ American Depositary Receipts, traded on the London Stock Exchange were delisted on January 28. The groupТs First Vice President Yekaterina Trofimova said back then that this decision Уwas made due to the economic inexpedience of supporting the insignificant free-float of less than 0.33% of the capital.Ф