Ex.4. Match up two halves of the sentences from the text. Translate them into Russian

1) Although some of the disclosure a) implementation of appropriate

principles are not corporate governance principles and

the bringing of financial statements

into compliance with international

standards.

2) An IPO is usually preceded by b) currently legally binding in Russia,

meticulous and considerable legal investors expect issuers to comply

restructuring, legal separation of with generally accepted standards

major shareholders’ transactions and reward those which meet their

from the company’s business, expectations.

3) The offering’s structure usually c) a GDR Depositary combined with

depends on the aims of the controlling offering the GDRs outside of

shareholders and the company, Russia (in most cases on the

London Stock Exchange).

4) The following is one of the four d) whereby majority shareholders sell

main IPO structures used by Russian pre-existing shares to investors and

companies: closed subscription in exercise preemptive rights, using the

favor of proceeds to purchase newly issued

shares.

5) Another IPO structure used by Russian e) the size of the offering, tax

companies is the “top up” offering considerations and the shareholding

structure where the offering to investors structure.

is combined with an open subscription.