SVST Severstal (GDR)

PAO Severstal: Severstal informs about submission of a notification for automatic conversion of GDRs

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: .

 

 

 

 

For further information, please contact:

 

Investor Relations

Nikita Klimantov

T: +7 (495) 926-77-66

 

Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66

 

 

 



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

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EN
15/08/2022

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