Gazprom becomes largest issuer in MSCI Russia Index
In the second quarter of 2020, MSCI revised the free float-adjustment factor – one of the key indicators on the basis of which the weight of securities of every issuer is measured – for Gazprom's shares. Starting from June 1, 2020, the adjustment factor for Gazprom's shares was raised from 0.45 to 0.5.
As a result, Gazprom's shares took the number one position in the MSCI Russia Index with a weight of 17.51 per cent as of June 1 according to the data published on the MSCI website.
“The update of the free float-adjustment factor and the subsequent increase in the weight of Gazprom's shares in the index is a major development for the Company. Many international investors use the MSCI Russia Index to shape their investment portfolios. We firmly believe that the increased weight of Gazprom's shares in the index will cause an inflow of investment into the Company's securities,” said Famil Sadygov, Deputy Chairman of the Gazprom Management Committee.