NLMK depositary receipts remain in circulationSource: RNS
16 May 2022
NLMK depositary receipts remain in circulation
NLMK Group hereby notifies that the Government Commission upheld the Company's request to continue trading NLMK depositary receipts abroad.
Common shares recorded as depositary receipts will continue to provide voting rights, and dividends on such shares will be accrued.
The holders of depositary receipts will retain the right to convert their receipts into common shares.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe, and the United States. The Company's steel production capacity exceeds 18 million tonnes per year.
NLMK's ordinary shares with a 20.7% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.