Russia's Polyus board recommends share split to increase liquidity

Reuters2024-12-24

MOSCOW, Dec 24 (Reuters) - Russia's largest gold producer Polyus on Tuesday said its board had recommended shareholders approve a stock split to increase liquidity of the company's shares and the availability of its securities.

Since Moscow sent troops into Ukraine in February 2022, Russian stock markets have changed drastically, with retail investors now dominating trading and very few foreign investors able or willing to participate. Oil pipeline monopoly Transneft and mining giant Nornickel have also carried out share splits.

(Reporting by Anastasia Lyrchikova; Writing by Alexander Marrow; Editing by Kirsten Donovan)

((alexander.marrow@thomsonreuters.com;))

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