(London, March 14, 2011) - PIK (LSE: PIK) announces that the Arbitrazh Court of the City of Moscow has issued an order rescinding the freezing order relating to 42,402,773 PIK shares, granted to Open Joint Stock Company Nomos-Bank (Nomos Bank) by the court in connection with a legal dispute between Nomos-Bank and Maritrade Investments Limited.
In light of the court order lifting the freezing order, PIK has been informed by Deutsche Bank Trust Company Americas (DB) that DB will open the GDR facility to deposits and withdrawals later today. In addition, PIK expects that the GDRs will be readmitted to the Official List and to trading on the LSE tomorrow 15th day of March 2011.
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