PAO Severstal: Severstal informs about submission of a notification for automatic conversion of GDRs (1420471)
August 15 2022 - 7:00AM
UK Regulatory
PAO Severstal (SVST) PAO Severstal: Severstal informs about
submission of a notification for automatic conversion of GDRs
15-Aug-2022 / 14:00 MSK Dissemination of a Regulatory Announcement
that contains inside information in accordance with the Market
Abuse Regulation (MAR), transmitted by EQS Group. The issuer is
solely responsible for the content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
Severstal informs about submission of a notification for
automatic conversion of GDRs
PAO Severstal (MOEX: CHMF; LSE: SVST) informs that, in
accordance with Federal Law No. 114-FZ of April 16, 2022, it has
submitted to the Depository of Sberbank PJSC, in which a deposit
account of depository programs has been opened under the Global
Depositary Receipts Program for ordinary shares of PJSC Severstal
(ISIN US8181503025, ISIN US8181501045, hereinafter collectively
referred to as the "GDR"), a notification of the action required
for the holders of GDR, the rights to which are recorded in Russian
depositories, to obtain the corresponding number of ordinary shares
of PJSC Severstal.
Based on the notification sent to PJSC Severstal, the Depository
of PJSC Sberbank will automatically convert the GDRs, the rights to
which are registered in depositories in the Russian Federation,
into ordinary shares of PJSC Severstal in accordance with the
procedure and terms established by the decision of the Board of
Directors of the Bank of Russia dated July 22, 2022.
We also remind you that for Severstal GDR, the rights to which
are registered in foreign depositories, a forced conversion is
possible upon application of their holders, which application can
be sent to the Depository of Sberbank PJSC by October 12, 2022. We
recommend that holders of Severstal GDR who wish to exercise the
right of forced conversion, follow messages from the Depository of
Sberbank PJSC on this topic and promptly contact the Depository of
Sberbank PJSC to clarify the procedure and details of such forced
conversion.
For questions related to the conversion, investors should
contact the following contacts: tel. +7 (495) 665-56-00 ext.
18-721, +7 (495) 669-09-99 ext. 18-721, email:
depository@sberbank.ru.
For further information, please contact:
Investor Relations Public Relations
Nikita Klimantov Anastasia Mishanina
T: +7 (495) 926-77-66 T: +7 (495) 926-77-66
na.klimantov@severstal.com anastasia.mishanina@severstal.com
-----------------------------------------------------------------------------------------------------------------------
ISIN: US8181503025
Category Code: MSCM
TIDM: SVST
LEI Code: 213800OKDPTV6K4ONO53
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 181359
EQS News ID: 1420471
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1420471&application_name=news
(END) Dow Jones Newswires
August 15, 2022 07:00 ET (11:00 GMT)
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Severstal' Pao (LSE:0SJQ)
Historical Stock Chart
From Jul 2023 to Jul 2024