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