On August 5, 2011 Micex and RTS held extraordinary general shareholders meetings. Restructuring of OJSC RTS in form of accession to ZAO MICEX was the main issue on the agenda of these shareholders meetings.
Approximately 93.36% of MICEX shareholders and 88.45% of RTS shareholders were present at these meetings and participated in voting.
Restructuring of OJSC RTS in form of accession to ZAO MICEX was approved by 93.348% of all MICEX shareholders represented at the shareholders meeting. Out of all RTS shareholders that participated in the shareholders meeting 99.776 % voted for the restructuring.
The shareholders of RTS also voted for on all the other matters put to vote including dividend distribution on shares of OJSC RTS for H1 of 2011, the deal between OJSC RTS and Not-for-profit partnership "Russian Trading System" Stock Exchange", and the amended Articles of Association of OJSC RTS.
In addition to approving the restructuring of OJSC RTS in form of accession to ZAO MICEX, the shareholders of MICEX also voted for on all the remaining agenda issues including splitting ordinary shares of ZAO MICEX and increasing the share capital of ZAO MICEX through placement of an additional ordinary shares issue. As a result of the share split the share capital of MICEX will be divided into 1,659,840,000 ordinary shares with a par value of RUB1 each. The additional ordinary shares issue (537,575,000 ordinary shares with a par value of 1RUB each) will be placed by converting ordinary and preferred shares of OJSC RTS into ordinary shares of ZAO MICEX.
Before moving forward with the integration, approval needs to be obtained from the Federal Anti-Monopoly Service which is expected within the next two months.