Investors Can Now Convert Gazprom ADRs Into Shares – Urgent Deadline Approaches

EQS-Media / 22.08.2024 / 12:02 CET/CEST

Press release of WEISSWERT Rechtsanwaltsgesellschaft mbH

Investors Can Now Convert Gazprom ADRs Into Shares – Urgent Deadline Approaches

Stuttgart, August 22, 2024

Holders of American Depositary Receipts (ADRs) from Russian companies can now mitigate potential total losses: Following the recent actions of DR agents Citibank, Deutsche Bank, and JP Morgan, who opened numerous books for the conversion of ADRs from Russian issuers into shares, BNY Mellon has now joined the effort. Western investors can now initiate the conversion of Gazprom ADRs into shares until September 20, 2024.

Thousands of Gazprom Investors Awaited This Moment

“The opportunity to convert Gazprom ADRs is a game changer and highly encouraging for many small investors who had almost given up hope. These investors can now finally seize the chance to exchange their ADRs for shares,” says Maximilian Weiss, attorney and Managing Director of WEISSWERT, a law firm specializing in banking and capital markets law.

Requirements for Conversion of DRs into Russian shares

Investors need to have an account linked to the Russian National Settlement Depository (NSD) and ensure that the ADRs are converted within 10 days after being handed over to BNY Mellon. If this condition is not met, the ADRs will be returned to the holder. It is crucial to act quickly and ensure all necessary steps are completed correctly.

DRs Eligible for Conversion into Russian Shares

Acron, Aeroflot, Cherkizovo Group, EN+ Group, Enel Russia, Federal Grid Company, Gazprom, Gazprom Neft, Inter RAO, LSR Group, Lukoil, Mobile Telesystems, NLMK, Nornickel, Novorossiysk Commercial Sea Port, OGK-2, PhosAgro, Primorsk Shipping Corporation, Rosneft, Rossetti, Rostelecom, RusHydro, Surgutneftegas, Tatneft.

WEISSWERT Supports Investors

The law firm WEISSWERT has been assisting investors with ADR issues and the conversion into Russian shares from the outset. We provide comprehensive support with the ADR conversion process, dividend claims, and represent investors' interests with banks, brokers, the EU Commission, and other relevant authorities. For more information, investors can visit our website and request further information: https://weisswert.de/en/current-cases/adr-conversion-gazprom/.

Contact:
WEISSWERT Rechtsanwaltsgesellschaft mbH
Maximilian Weiss, LL.M. (Northwestern)
Feuerbacher Weg 51 | 70192 Stuttgart | Germany
Tel.: + 49 711 340383 00
Mail: presse@weisswert.de
Web: www.weisswert.de

WEISSWERT Rechtsanwaltsgesellschaft mbH – Wir schützen Ihr Vermögen.

WEISSWERT is a Stuttgart-based law firm specializing in banking law and capital markets law with experience in pursuing complex litigation. WEISSWERT was founded in 2022 by Maximilian Weiss, an attorney specialized in investment-related disputes. The firm’s mission is to rigorously represent investors' interests at the highest level of legal competence, whether in- or out-of-court, throughout Germany or internationally.

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Language:

English

Company:

WEISSWERT Rechtsanwaltsgesellschaft mbH

Feuerbacher Weg 51

70192 Stuttgart

Germany

Internet:

https://weisswert.de/

EQS News ID:

1973331

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