REG - PJSC Tatneft - Tatneft Obtained Permit to Continue ADR Program

Tatneft' Imeni V.D. Shashina PAOAnnouncement

17/05/2022 10:45

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RNS Number : 7772L  PJSC Tatneft  17 May 2022

17 May 2022

Tatneft obtained a permission to continue the ADR program

Pursuant to part 9 of Article 6 of the Russian Federal Law No. 114-FZ of 16
April 2022 "On amendments to the Federal Law "On Joint Stock Companies" and
certain other legislative acts of the Russian Federation" PJSC Tatneft (the
"Company") obtained the permission from the Government Commission on
Monitoring Foreign Investment in the Russian Federation to continue the
circulation of its American depositary receipts (ADRs), ISIN US8766292051,
outside of Russia. Therefore, the Company is not required to terminate the
related ADRs program pursuant to the deposit agreement between the Company,
Citibank N.A. as Depositary and owners and beneficial owners of the ADRs. The
rights and obligations of the ADR holders remain subject to requirements of
applicable laws.

 

This press release contains inside information.

Forward-looking statements: This press-release contains certain statements
about future events and expectations that are forward-looking in nature. Any
statement in this press-release that is not a statement of historical fact is
a forward-looking statement that involves known and unknown risks,
uncertainties and other factors which may cause actual results, performance or
achievements expressed or implied by such forward-looking statements to
differ. PJSC Tatneft assumes no obligations to update the forward-looking
statements contained herein to reflect actual results, changes in assumptions
or changes in factors affecting these statements.

 

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