SVST Severstal (GDR)

PAO Severstal: The forced conversion of GDRs has been prolonged in the Russian Federation

PAO Severstal (SVST)
PAO Severstal: The forced conversion of GDRs has been prolonged in the Russian Federation

17-Oct-2022 / 16:30 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


The forced conversion of GDRs has been prolonged in the Russian Federation

PAO Severstal (MOEX: CHMF) (“Severstal”) informs that the deadline for applying for forced conversion of Severstal's Global Depositary Receipts (GDRs) have been extended until November 10, 2022 inclusive. The deadline was extended to ensure that the owners of the securities have enough time to collect the necessary documents and submit the application.

 

We recommend that Severstal GDR holders who wish to exercise their right of forced conversion 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:

 

We also remind you that Sberbank PJSC has published a procedure and a list of questions and answers, which you can read at this link:

 

 

For further information, please contact:

 

Severstal Investor Relations
Vladimir Zaluzhsky, Nikita Klimantov
T: +7 (495) 926-77-66

 

Severstal Public Relations
Anastasia Mishanina T: +7 (495) 926-77-66

 

***

PАО Severstal is a vertically integrated steel and steel-related mining company, working with customers and partners to create new products and integrated solutions from steel. The company's production facilities are located in Russia. Severstal is listed on MOEX (CHMF). Severstal reported revenue of $11.6 bln and EBITDA of $6 bln in 2021. Severstal’s crude steel production in 2021 reached 11.6 million tonnes.

 

 



ISIN: US8181503025
Category Code: MSCL
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.: 195024
EQS News ID: 1465331

 
End of Announcement EQS News Service

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17/10/2022

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