"The National Depository Center" (Closed Joint Stock Company) (NDC), Russia's only settlement depository servicing the full range of debt and equity securities of Russian issuers, announced that its Board of Directors held its first meeting on 9 September. The members of the Board of Directors elected Sergei Lykov, Deputy Chairman of Vnesheconombank, as Chairman. Konstantin Korischenko, President, MICEX CJSC, was elected Deputy Chairman.
The Board of Directors decided to form a Directorate consisting of the following members: Nikolay Egorov, General Director, NDC; Eddie Astanin, Deputy General Director, NDC; Sergei Naumov, Deputy General Director, NDC.
The Board of Directors also took the following decisions:
· To approve STATUS Registratorskoye Obschestvo CJSC (STATUS CJSC) as NDC's registrar and to authorize Nikolay Egorov, NDC's General Director, to conclude an agreement for maintenance of NDC's register;
· To approve a decision on NDC's security issue and NDC's security issue report;
· To approve tariffs for NDC Not-for-Profit Partnership's services as tariffs for NDC CJSC's services.
NDC's Board of Directors considered a report on the company's activities for 2Q 2009 by S. Bosetsky, Deputy General Director, Controller, NDC, and authorized Nikolay Egorov, General Director, NDC, to take necessary measures on implementation of recommendations contained in the report.
About NDC:
"The National Depository Center" (Closed Joint Stock Company) is the largest settlement depository in Russia, servicing the full range of debt and equity securities of Russian issuers. NDC provides storage of global certificates and depository accounting for 99% of corporate bond issues, sub-federal and municipal bond issues. It services 100% of transactions conducted in the federal bond and the Bank of Russia bond markets, more than 99% of transactions conducted in the corporate and regional bond markets, and more than 99% of stock exchange transactions with equities and OTC trades. The international rating agency Thomas Murray has assigned NDC an АА- rating as a central depository. NDC is Russia's national numbering agency, and the substituting numbering agency for the CIS, authorized to assign the international ISIN and CFI codes.
Among NDC’s shareholders are MICEX (50,1727% of shares), Bank of Russia (42,2997% of shares) as well as GPB (OJSC) (Gazprombank), Evrofinance Mosnarbank, ROSBANK (OJSC JSCB), JSC VTB Bank, Bank of Moscow, JSC Rossiyskiy Kredit Bank, Vnesheconombank, ING Bank (Eurasia) ZAO, JP Morgan Bank International LLC, ZAO UniCredit Bank, Deutsche Bank, and Sberbank. NDC has stakes in Depository Clearing Company CJSC (37.29%), in Settlement Depository Company CJSC (28.54%) and in Bank "National Clearing Centre" CJSC (0.27%).
For further information about NDC: www.ndc.ru, or NDC Public Affairs Division: +7 495 232 0910,