Transactions will be possible until September 20, 2024. Details were provided by the custodian bank The Bank of New York Mellon.
Author:
https://rb.ru/author/ntihonov/
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Cancellation of warehouse receipts of Rosseti, Federal Grid Company, Cherkizovo Group, Inter RAO UES, RusHydro, Surgutneftegaz, Mosenergo, MMC Norilsk Nickel, Enel Russia, Primorsky Shipping Company, Gazprom Neft and Gazprom.
Parties to cancellation transactions must confirm that there has been no change in beneficial ownership of the securities and that the transaction complies with the requirements set forth in the U.S. Office of Foreign Assets Control license.
In mid-July, the European Commission informed EU countries about the possibility of converting depositary receipts into shares of Russian companies that are blocked in the accounts of the National Clearing Depository (NSD; located in the Moscow Stock Exchange group).
Russian companies actively resorted to issuing their own bonds to attract investors from the West. They were produced by Gazprom, Lukoil, Rosneft, Sberbank, AFK Sistema, VTB and other corporations.
In July, RB.RU wrote that retailer Fix Price will withdraw its global depositary receipts from the London Stock Exchange starting August 19.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
