EN+ Group Intnl PJSC - EN+ intends to start automatic conversion of GDRs

En+ MKPAO

18/08/2022 16:00

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RNS Number : 5116W  EN+ Group Intnl PJSC  18 August 2022

EN+ informs about submission of a notification for automatic conversion of
GDRs

18 August 2022 EN+ GROUP IPJSC (the "Company", "EN+" or the "Group")
(LSE: ENPL; MOEX: ENPG), further to the announcement of 28 July 2022,
informs that on 18 August 2022 it submitted to AO Citibank (the "Custodian") a
notification triggering the procedure for the automatic conversion of the
Company's GDRs into the Company's shares underlying the GDRs in accordance
with the Federal Law No. 114-FZ "On Amendments to the Federal Law on Joint
Stock Companies and Certain Legislative Acts of the Russian Federation" dated
16 April 2022 (the "Law").

The Company notes that the automatic conversion applies only to those GDRs the
rights to which are recorded in Russian depositaries. Based on the Company's
notification the Custodian will automatically convert the relevant GDRs into
the Company's shares in accordance with the procedure and terms set out by the
Central Bank of Russia.

As noted in the announcement of 28 July 2022, with respect to the GDRs the
rights to which are recorded in depositaries outside of the Russian
Federation, the Law provides for the forced conversion at the request of the
GDR holders submitted to the Custodian by 12 October 2022.

The Company encourages the GDR holders to contact Citibank, N.A. directly, in
accordance with the procedure provided by the relevant depositary agreements,
for questions related to the conversion.

 

  For further information, please contact:

 For media:                      For investors:
 Tel: +7 (495) 642 79 37         Tel: +7 (495) 642 7937

 Email: press-center@enplus.ru   Email: ir@enplus.ru

***

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