The situation was made slightly better after June 1, when tariff levels for households were raised to R35 and commercial customers in several major urban areas were given a reduction to R120. The charter also alllows the board of directors to increase exising charter capital by issue of a further 20 million common shares. Rostovelektrosvyaz has a Level-1 ADR programme and its ADRs trade over the counter in the US and on the Berlin and Vienna stock exchanges. The information contained herewith is based on information made available to the public and is for information purposes only. Information sources are deemed reliable by RMG Securities, however RMG Securities abstains from any liabilities determined from the information herewith.
Analysis is based on dated market information and is subject to change.