Tashkent, Uzbekistan (UzDaily.com) -- In order to fulfill the roadmap for organizing an initial public offering (IPO) of Uzbekneftegaz, work is underway to include shares of Uzbekneftegaz JSC in the exchange quotation list of Uzbekistan Stock Exchange.

Today the preferred shares of the Company are in free float in the amount of 24,312,673 pieces. At present, the purchase and sale of these shares is carried out on the trading floor of the OTC trading organizer JSC ELSIS-SAVDO.

For the first half of this year, the price for preferred shares of Uzbekneftegaz varied from 720 soums to 3,000 soums per share with a par value of 500 soums, which shows the attractiveness of this type of shares on the market.

The inclusion of shares in the stock exchange quotation list of stock exchanges contributes to the expansion of the investor base and the possibility of increasing the liquidity of shares, as well as increases confidence in the shares.

In this regard, the issue of including shares of Uzbekneftegaz in the exchange quotation list of the Republican Stock Exchange is submitted for consideration by the authorized management bodies.