Index provider MSCI added NLMK, an international steel company with facilities in Russia, the USA, and the EU, to the MSCI Emerging Markets and MSCI Russia indices.
The announcement was made based on the results of MSCI’s Semi Annual Index Review. The changes will be implemented as of the close of May 31.
NLMK’s shares, with a 16% free-float, are traded on the Moscow Exchange, as well as in the form of Global Depositary Shares (GDS) on the London Stock Exchange (LSE). Indices that include NLMK shares: MICEX and RTS, calculated by the Moscow Exchange, and MICEX Metals & Mining Industrial Index. Starting from end of May 31, NLMK is also included in the MSCI Russia and MSCI Emerging Markets indices. (NLMK/Ukrainian metal)