RCS - PJSC Transcontainer - Completion of the delisting of TransContainer GDRs

Bank Of New York MellonAnnouncement

29/09/2020 10:05

RNS Number : 4259A
  
PJSC Transcontainer
  
29 September 2020
  
 

29 September 2020
 
PJSC TransContainer
 
 
Completion of the delisting of GDRs representing PJSC TransContainer shares   
 
PJSC TransContainer ("TransContainer" or the "Company") (MOEX: TRCN) notifies that today, on 29 September 2020, (i) the admission to trading of the Global Depositary Receipts (ISIN US8935561006) representing the Company's ordinary shares (the "GDRs") on the Main Market of the London Stock Exchange (the "LSE") and (ii) the listing of the GDRs on the Official List of the UK Listing Authority have been cancelled.
 
The delisting of the GDRs from the LSE was approved by the Board of Directors of the Company on 31 August 2020.
 
The Company decided to cancel its listing in light of the 100% consolidation of the ordinary shares in its charter capital by one controlling shareholder, Delo-Center LLC, following the recently completed mandatory squeeze-out procedure by Delo-Center LLC, and the subsequent termination of the GDR facility by The Bank of New York Mellon, the depository of the GDR facility.
 
Enquiries:
 



TransContainer






 




Ivan Khvastov






 




Head of Corporate Finance Department


+7 495 788 1717 ext. 1390




E-mail


KhvastovIV@trcont.ru




Website


www.trcont.com












 




Instinctif Partners






 




Galyna Kulachek


+44 (0) 20 7866 7850









 
About TransContainer
 
TransContainer (MOEX: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 41%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and railside container terminal throughput. As at 30 June 2020, it owned and leased more than 32,000 flatcars and more than 88,000 ISO containers. TransContainer owns a network of rail-side container terminals, located at 38 railway stations across Russia, the Company's joint ventures also operate three terminals in Russia. Company's sales network comprises 90 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed on the Moscow Exchange.
 
Legal Disclaimer
 
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. TransContainer wishes to caution you that these statements are only predictions and that actual events or results may differ materially. TransContainer does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of TransContainer, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries TransContainer operates in, as well as many other risks specifically related to TransContainer and its operations.

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