DJ PJSC Magnitogorsk Iron and Steel Works: MMK notifies of removal of its global depository receipts from the London Stock Exchange Official List
PJSC Magnitogorsk Iron and Steel Works (MMK) PJSC Magnitogorsk Iron and Steel Works: MMK notifies of removal of its global depository receipts from the London Stock Exchange Official List 27-Jun-2022 / 16:15 CET/CEST Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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PJSC Magnitogorsk Iron & Steel Works ("MMK", or the " Group") (MOEX: MAGN; LSE:
MMK) notifies of removal of its global depository receipts (the "GDRs") from the
London Stock Exchange Official List (the "Official List").
On 27 June 2022, MMK was notified by the Financial Conduct Authority ("FCA") that
it has removed the following MMK's securities from the Official List effective from
27 June 2022:
-- Global Depositary Receipts (each representing 13 Ordinary Shares of
RUB 1 each), fully paid; (Regulation S) (ISIN US5591892048); and
-- Global Depositary Receipts (each representing 13 Ordinary Shares of
MMK notifies of removal of its RUB 1 each), fully paid; (Rule 144A) (ISIN US5591891057).
Global Depository receipts from
the london stock exchange The cancellation follows to the termination of MMK's depository receipts program ("
official list DR program") due to the recent amendments to Russian laws for Russian issuers to
commence the termination of circulation outside the Russian Federation of the
depositary receipts representing shares in the Company of which MMK notified the
GDR holders earlier in due course.
27 june 2022
On 25 May 2022, MMK notified Citibank, N.A. about the termination of the Depositary
Magnitogorsk, Russia Agreement in accordance with its terms and conditions and requested Citibank, N.A.
to notify the GDR holders of the DR program's termination and to take all necessary
actions under the Deposit Agreement. However, MMK did not receive any official
replies from Citibank, N.A. in these regards.
As far as MMK is aware, the Book for Issuance and Cancellation of GDRs is closed at
the moment.
Given the information outlined above, MMK encourages the GDR holders to liaise with
Citibank, N.A. directly in accordance with the relevant agreement with the
Depositary and to discuss with Citibank, N.A. the possible options for exercising
their rights, including the right to convert the GDRs into the MMK ordinary shares.
Citibank, N.A. contact details are available at https://mmk.ru/en/investor/
information-for-shareholders/registar-and-depositary/
Investor Relations Department
Veronika Kryachko
+7 (915) 380-62-66
kryachko.vs@mmk.ru
Communications Department
Dmitriy Kuchumov
+7 (499) 238-26-13
kuchumov.do@mmk.ru
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ISIN: US5591892048 Category Code: NOT TIDM: MMK LEI Code: 253400XSJ4C01YMCXG44 Sequence No.: 170941 EQS News ID: 1384729 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
June 27, 2022 10:15 ET (14:15 GMT)
