NLMK announces mandatory GDR conversion after October 12
MOSCOW, Aug 9 (PRIME) -- Russian steelmaker Novolipetsk Steel (NLMK) will carry out a mandatory conversion of global depositary receipts (GDRs) of foreigners and of investors, whose actions are limited by the sanctions into ordinary shares after October 12, the company said in a statement on Tuesday.
If a GDR owner wishes to partake in the conversion, he has to file a request to Raiffeisenbank before the deadline. The Russian owners of GDRs will have access for an automatic conversion mechanism, NLMK said.
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09.08.2022 12:35