Russian firm LUKOIL is celebrating 15 years listed on the London Stock Exchange.
In order to mark the anniversary Vagit Alekperov, president of the company today opened the trading at the market.
Lukoil securities were included into the Official List of the UK Listing Authority in 2002.
Mr Alekperov said: “I was honoured to open the markets today to mark the fifteenth anniversary of LUKOIL’s full listing at the London Stock Exchange.
“This was an important event for us back in 2002 that placed us alongside the global oil and gas majors and facilitated our access to the international capital markets.
“I’m pleased that our shares and depositary receipts price increased three and a half times since 2002. Going forward we will continue to create shareholder value.”
LUKOIL’s presence on the capital markets began in 1993 when the company was transformed to the open joint stock entity.
In the same year LUKOIL, earlier than any other Russian company, tapped international loan markets.
LUKOIL’s shares trading started at the Russian over-the-counter market in 1994. In 1995 LUKOIL ordinary shares were admitted to trading on RTS stock exchange.
In 1995 LUKOIL was the first Russian Company that received SEC approval to issue Level 1 American Depositary Receipts that started to trade on the US over-the-counter market.