Arpa-Sevan stocks listed on NASDAQ OMX Armenia

19.01.2011 22:39
Arpa-Sevan stocks listed on NASDAQ OMX Armenia

YEREVAN, January 19./ARKA/. Starting from January 20, 2011, common nominal stocks issued by Arpa-Sevan ojsc will be listed at NASDAQ OMX Armenia’s secondary B list, the stock exchange’s press office reported on Wednesday.

Accoridng to the press release, Arpa-Sevan ojsc’s stocks were admitted to trading in the market ever since 2001.

Currently 20,452 stocks with nominal value of AMD 2,500 are outstanding in the market with volume of issue totaling to AMD 51,130,000.

“Change in the status of the stocks from being admitted to trading to being listed occurred based on ARPA-SEVAN jsc’s request, as both the securities and the issuer complied with all the listing requirements of NASDAQ OMX Armenia,” the press release says.

Established in 1969 “Arpa-Sevanstroy” construction enterprise has been the originator of Arpa-Sevan ojsc that was officially registered in 1998, hence being the one of the oldest companies of its type in Armenia.

The company provides construction, urban power engineering, special hydro technical and transportation services; its activities include, but are not limited to, construction of power engineering projects, specialized earthworks, construction of transportation facilities, water management systems, laying of internal and external engineering networks, drilling works and more.

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.

In January 2008, Nordic exchange operator OMX Group acquired 100% of shares of the Armenian Stock Exchange (Armex) and the Central Depository of Armenia (CDA). After the combination of NASDAQ and OMX in February 2008, Armex and CDA have become fully owned by the NASDAQ OMX Group, Inc.

On January 27, 2009, “Armenian Stock Exchange” ojsc was officially renamed as “NASDAQ OMX Armenia” ojsc. On June 5, 2009, “NASDAQ OMX Armenia” ojsc became the owner of 100% of the shares of the “Central Depository of Armenia” OJSC.-0—

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