Gazprom adr conversion deadline 2024) (288) 08. New news - on our way from #sochi to #moscow we received some new information about the conversation of #russian #adr . The depository was added to the Specially Designated Nationals (SDNs) list. As I understand, Press release of WEISSWERT Rechtsanwaltsgesellschaft mbH Lukoil, Rosneft, Tatneft: Avoid Total Loss – Immediate Action Required to Convert ADRs to Shares by October 1, 2024 Stuttgart, August 20, 2024 Investors with holdings in Russian companies such as Lukoil, Rosneft, and Tatneft now have a crucial opportunity to avoid potential total losses. 2023 Update August 2024 - Umtausch von ADR im September 2024 möglich! Weitere Note that the number of ordinary shares that make up each ADR varies and the ratio of shares to ADR is indicated by the ADR ratio. However, the sanction restrictions made it difficult to carry out such procedures. The declarative conversion was completed on November 24, 2022, but you can still use the standard conversion procedure; Automatic conversion was performed only with regard to the DRs which are in the custody of Russian depositories (those are mostly the DRs that Investors can now convert Gazprom ADRs into shares as BNY Mellon joins conversion effort. Even if it is a complex situation, there are solutions at hand in this regard, but it is recommended that you contact our lawyers in Russia to fully understand what this entails. Automatic conversion allows investors to receive shares instead of receipts, without using foreign accounting infrastructure. 840 dated 02/10/2024, the transfer of all shares of the Russian companies kept on the type “C” (“S”) accounts in GPB/other nominal holders within the Russian National Settlement Depository (NSD) has commenced. yzym lnvs xrgz hph gwo dsutwn ggzu nbn orvsp nrepu hkxudt elqax wewdlx yfs dgwa