Share Performance

Mobile TeleSystems’ Level III ADR issue was successfully placed during its IPO on the New York Stock Exchange (ticker: MBT) on June 30, 2000. The current ADR to ordinary share ratio is 1:2 with J.P. Morgan Chase Bank as the depositary bank.

On January 3, 2005, the Company’s ADR ratio was changed from the initial ratio of 1 ADR per 20 ordinary shares to the ratio of 1 ADR per 5 ordinary shares; a 1:4 ADR split. ADR holders thus received 3 additional ADRs for every 1 ADR held as of the record date (December 27, 2004). Effective May 3, 2010, the Company’s ADR ratio was changed to the current ratio of 1 ADR per 2 ordinary shares; a 2:5 ADR split. ADR holders received 1.5 additional ADRs for every 1 ADR held as of the record date (April 28, 2010).  

MTS shares have been traded as a non-listed security on the Moscow Interbank Currency Exchange (MICEX) since October 2003. On November 28, 2003, common shares of MTS were included into MICEX “B” Quotation List (ticker: MTSI).

As of December 31, 2004, a total of 1,993,326,138 common shares have been issued with a par value of 0.1 RUR.

GDR to ADR Conversion Following the Increase of MTS’ADR Program (Effective February 14, 2005) gdr_to_adr_conversion.pdf (23.1 KB)