Stock Market
Shares of Federal Grid Company are traded on the “Level 1» quotation list of CJSC MICEX Stock Exchange, which is a member of PJSC Moscow Exchange Group, and are included in the list of securities traded at PJSC St.Petersburg Exchange. The Company shares are included in the index calculation base of key Russian and foreign indices.
Information on Federal Grid Shares
| Share category | Ordinary registered non-documentary |
|---|---|
| Nominal value | RUB0.50 |
| MICEX Ticker | FEES |
| SPBEX Ticker | FEES |
| LSE Ticker | FEES |
| ISIN | RU000A0JPNN9 |
| Bloomberg Code | FEES RX |
Stock Indices and Federal Grid Shares in 2015, %
2015 Share Performance
In 2015, the MICEX PWR sector index performance was broadly consistent with the MICEX Index performance.
In the reporting year, shares of Federal Grid Company outperformed the market and the MICEX PWR sector index. Since the beginning of the year, the Company’s share price has increased by 30% (from RUB0,047 in the beginning of the year to RUB0,057 at the end of the year) against an increase by 26% and 18% demonstrated by the MICEX Index and MICEX PWR respectively.
Federal Grid share price increase in January-February was driven mainly by expectations of a reduction of the Company’s investment program, as well as a discussion of anti-crisis plan of the Government of the Russian Federation, including measures to support electric grid companies.
Further growth of Federal Grid stock prices slowed down due to an adverse impact of several factors, including the following:
- Slowdown in Russia’s economic growth and inflation rate, affecting the attractiveness of internal market-oriented companies
- Problems with mid-term forecasts for tariff regulation in the industry
- Switch to settlements with consumers based on actual capacity
Key Parameters of Federal Grid Share Trading
| 2011 | 2012 | 2013* | 2014 | 2015 | ||
|---|---|---|---|---|---|---|
| Volume | units | 476,111,513,800 | 619,919,120,000 | 989,348,930,000 | 1,068,425,610,000 | 448,624,060,000 |
| RUB | 159,370,754,044 | 147,513,331,183 | 116,812,022,883 | 65,320,385,916 | 28,939,553,091 | |
| Number of deals | units | 2,043,606 | 2,698,318 | 3,235,854 | 2,390,457 | 1,683,326 |
| Low | RUB | 0.21111 | 0.1513 | 0.07508 | 0.02900 | 0.0440 |
| High | RUB | 0.481 | 0.3768 | 0.226 | 0.0939 | 0.0804 |
| Period end | RUB | 0.2811 | 0.20104 | 0.09016 | 0.04569 | 0.0594 |
| Number of shares | mln, shares | 1,255,948 | 1,260,387 | 1,267,141 | 1,274,665 | 1,274,665 |
| Capitalisation at year end | RUB, mln | 351,163.1 | 253,904.89 | 114,600.23 | 56,110.77 | 74,861.09 |
| * T+2 trade results are calculated from 2 September 2013 – date of Moscow Exchange’s switch to this trading mode as a basic one. Source: Moscow Exchange website, / moex.com |
||||||
For further information of share trading, please
refer to website www.fsk-ees.ru Section
Investors
/ Share Information / Interactive Stock Chart
Global Depository Receipt Programme
On 30 June 2008, Federal Grid Company launched a global depository receipt (GDR) programme, which was not listed under Regulation S and Rule 144A. In 2011, the Company completed a technical listing of depository receipts on the Main Market of the London Stock Exchange (LSE), which began trading Federal Grid Company GDRs on 28 March. From 1 July 2013, the Programme’s depository bank is the Bank of New York Mellon (BNY Mellon). As of 31 December 2015, the GDR programme represented 0.48% of the Company’s share capital.
GDR Programme Highlights
| Regulation S | Rule 144A | |
|---|---|---|
| Ratio | 1 GDR: 500 shares | 1 GDR: 500 shares |
| International Code | ISIN: US3133542015 CommonCode: 036273577 | ISIN: US3133541025 CommonCode: 0362733372 |
| Price per GDR as of 31 December 2015 | ISIN: US3133542015 | - |
| Number of GDRs as of 31 December 2015 | CommonCode: 036273577 | 46,034 |
GDR Programme Volume
GDR Price and Trading Volume, LSE
For further details on trading in the Company’s
depository receipts, please refer to our website www.fsk-ees.ru Section
Investors / Share
Information / Global Depository Receipts
Updates about the GDR Programme are also available
on the LSE website at www.londonstockexchange.
com, under Federal Grid Company’s ticker: FEES