Citi Appointed Successor Depositary Bank for PJSC LUKOIL’s ADR Programs
April 19 2017 - 10:42AM
Business Wire
Citi’s Issuer Services business, acting through Citibank, N.A.,
has been appointed by PJSC “LUKOIL” (“LUKOIL”), one of the world’s
largest oil and gas companies, as the successor depositary bank for
its sponsored American Depositary Receipt (ADR) programs.
LUKOIL’s ADRs are traded on the London Stock Exchange under the
symbol “LKOD” and in the U.S. over-the-counter (OTC) market under
the symbol “LUKOY.” Each ADR represents one LUKOIL common share.
LUKOIL is based in Russia and its underlying common shares are
listed on the Moscow Exchange. Sberbank of Russia will provide
custody of the local underlying shares.
“We are very pleased to further expand our cooperation with Citi
through its appointment as the successor depositary bank for
our ADR programs,” said Alexander Matytsyn, CFO of LUKOIL. “Citi's
proven track record as one of the leading depositary banks should
support further development and improvement of the programs to the
benefit of our ADR holders.”
“We are honored to be appointed successor depositary bank for
LUKOIL’s ADR programs,” said Dirk Jones, Head of Global Issuer
Services at Citi. “With Citi’s global presence and investor
relations expertise, we are confident our powerful platform will
enable the continued success of LUKOIL’s ADR programs and provide
best-in-class service to its ADR holders.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 61 markets, spanning equity and
fixed-income products, Citi leverages its global network to provide
cross-border capital market access to issuers, intermediaries and
investors.
For more information about Citi’s Depositary Receipt Services,
please visit www.citi.com/dr.
PJSC LUKOIL
LUKOIL (LSE: LKOD, MOEX: LKOH) is one of the largest publicly
traded and vertically integrated oil and gas companies in the world
with proved hydrocarbon reserves of 16.4 bln boe and production of
2.2 mln boe per day. LUKOIL is the 2nd largest producer of crude
oil in Russia and it operates a fully integrated chain from oil and
gas production to retail sales of petroleum products.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170419005994/en/
Media:CitiRobert Julavits,
212-816-8020robert.w.julavits@citi.com
Citigroup (NYSE:C)
Historical Stock Chart
From Aug 2024 to Sep 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Sep 2023 to Sep 2024