NLMK says to ask govt to prolong listing of receipts on LSE - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

NLMK says to ask govt to prolong listing of receipts on LSE

MOSCOW, Apr 20 (PRIME) -- Russian steelmaker Novolipetsk Steel (NLMK) plans to ask the government’s commission for foreign investment control to prolong listing of its depositary receipts on the London Stock Exchange (LSE), the company said in a statement late on Tuesday.

The central bank said that the Russian companies have to initiate delisting of their foreign depositary receipts until May 5 as per recent amendments to the law or request the government to prolong listing.

NLMK said that the Russian companies, whose shares are listed on the foreign stock exchanges in the form of depositary receipts, have to break depositary contracts. The owners of the receipts will have the right to convert the securities into ordinary shares, but they will be placed on the depo accounts of depositary programs and will grant no voting rights and receive no dividends.

End %%md/jst%%

20.04.2022 08:47
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 61.2171 +0.2139 29 jul
USD 60.2031 -0.0167 29 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 2189.16 -0.32 18:51 28 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 196.24 -0.13 18:36 28 jul
lkoh 3847.50 0.00 18:53 28 jul
rosn 348.70 0.00 18:49 28 jul
sber 131.69 -0.61 18:36 28 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 61.1000 +0.5550 14:59 28 jul
USDTD 60.8350 +0.9200 17:44 28 jul