Tatneft Obtained Permit to Continue ADR ProgramSource: RNS
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.