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BSX Approves Listing Of The Common Shares Of RenFin Limited
Hamilton, Bermuda: December 14, 2006 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of the Common Shares of RenFin Ltd., (RENFIN1 VI), (the "Company"). The listing was effective from 20 November 2006.
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The Company listing was for the authorised share capital consisting of 4,999,900 shares of Refin Ltd., incorporated in the British Virgin Islands. The shares are to be distributed to Qualified Investors by the appointed placement Agent, Renaissance Capital Investment Management Limited, a company organized under the laws of the British Virgin Islands. RenFin Limited is registered as a closed end investment fund.
Reid Management Limited sponsored the listing of the Common Shares of RenFin Ltd.
The issue is being introduced for listing under the Restricted Marketing provisions of the Bermuda Stock Exchange, which is for securities that are aimed at Qualified Investors, being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability standards as defined by the Exchange.
The Company invests in listed and unlisted equity and equity related securities and other instruments of companies in the Russian region and primarily banks, insurance companies, and financial institutions which are planning to undertake an Initial Public Offering within the next few years.
"The BSX is delighted to welcome Refin Ltd. to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.
For further information on RenFin Ltd please contact: Natalia Ivanova at phone +7 495 258 7770 ext 4958 or Fax at +7 495 725 5256
Or email: NIvanova@rencap.com