Russia’s Gazprom To Terminate ADR Program

Russian energy giant Gazprom has decided to terminate its ADR program. According to the depository BNY Mellon the ADR program will be terminated June 16, 2022. Holders of the ADRs have the option to convert them to ordinary shares that trade on the domestic exchange in Russia or surrender the ADRs to receive payment of sale proceeds. Gazprom used to trade on the OTC markets under the ticker OGZPY.

Below is the termination notice from BNY Mellon:

Click to enlarge

Source: BNY Mellon

Gazprom Related Useful Links:

  1. Gazprom Neft to end ADR program on June 16 – depositary, Interfax
  2. How to convert Gazprom ADRs and other Russian DRs to local shares, The Long Run Plan
  3. GAZPROM & CO: WHAT TO DO WITH RUSSIAN ADRS?, Undervalued Shares
  4. Gazprom – Realtime Stock Quote on Moscow Exchange, Reuters

Related Posts:

Disclosure: No positions


Leave a Reply

Your email address will not be published. Required fields are marked *