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Pin to quick picksPjsc Tatneft Regulatory News (ATAD)

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Law Affecting ADR Program - Correction

19 Apr 2022 11:10

RNS Number : 5943I
PJSC Tatneft
19 April 2022
 

19 April 2022

 

Corrected version.

This version replaces the earlier announcement of 19 April 2022 and refers to Article 6 of the Law as the effective day.

 

New Law Affecting the ADR Program

 

 

Further to the announcement made by PJSC Tatneft (the "Company") on 1 April 2022, the Company notifies about the adoption and official publication on 16 April 2022 of the Federal Law No. 114-FZ "On amendments to the Federal Law "On Joint Stock Companies" and other Laws" (the "Law").

 

Unless the Company is granted a special permission to continue maintenance of the American depositary receipts ("ADRs") program (the "ADR Program"), the Company will be required to undertake necessary and sufficient steps aimed at the termination of the deposit agreement relating to the Company's ADRs (the "Deposit Agreement") and subsequently (within the next 5 business days) notify the Central Bank of Russia about such actions and provide the supporting documents.

 

As of the effective day of Article 6 of the Law, any placement, organization of circulation and, unless permitted by respective Russian Government authority (please see the next paragraph), circulation of the Company's ADRs is prohibited, no new deposits of ordinary shares into the ADR facility would be possible and the ADRs would not have voting rights and dividends would not be paid on such ADRs until they are converted into ordinary shares as per the terms of the Deposit Agreement. The rights of holders to respective ADRs would be determined as of the effective day of Article 6 the Law.

 

The Law provides for a possibility to obtain a permission to continue the ADR program and respective trading in the ADRs outside Russia pursuant to a procedure set by the Government of Russia in Regulation No. 672 published on 18 April 2022. The Company currently evaluates available options including whether to apply for such permission.

 

 

Forward-looking statements: This statement may contain certain forward-looking statements of PJSC Tatneft. PJSC Tatneft does not guarantee occurrence of any events mentioned in such statements as well as term of their occurrence.

 

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MSCILMMTMTMBBAT
Date   Source Headline
28th Aug 20188:53 amRNSHalf-year Report
14th Aug 201810:09 amRNSNotice of EGM; Board Recommends Dividends
29th Jun 20182:25 pmRNSReport on Payments to Govts
25th Jun 20187:00 amRNSResult of AGM
8th Jun 20182:38 pmRNS1st Quarter Results
24th Apr 20181:06 pmRNSBoard Approves Agenda of AGM
24th Apr 20181:01 pmRNSBoard Recommends Dividends
3rd Apr 20189:51 amRNSPresentation to Investors
29th Mar 201810:50 amRNSAnnual Financial Report
27th Feb 20189:07 amRNSBoard Approves Nominations
27th Feb 20188:48 amRNSNotice of AGM
30th Jan 201812:07 pmRNSBoard Approved Amendments to Dividend Policy
30th Jan 20189:04 amRNSMoody's raised Tatneft's credit rating to Baa3
14th Dec 20178:53 amRNSEGSM Approves Dividends
4th Dec 20172:08 pmRNSTatneft Published Presentation to Investors
30th Nov 201712:15 pmRNS3rd Quarter Results
7th Nov 20177:00 amRNSBoard convened EGSM and recommended dividends
25th Aug 20171:25 pmRNSHalf-year Report
19th Jul 20174:55 pmRNSRAEX Assigns Rating to Tatneft
28th Jun 20173:55 pmRNSReport on Payments to Governments
23rd Jun 20173:42 pmRNSResult of AGM
8th Jun 201711:46 amRNS1st Quarter Results
30th May 20177:00 amRNSBoard Approves Acquisition of Ak Bars Bank Shares
15th May 201711:22 amRNSResults of Tatneft's Reserves Audit
28th Apr 201712:02 pmRNSBoard Approves AGM Agenda
27th Apr 20172:11 pmRNSTatneft Board Recommends Dividends for 2016
3rd Apr 201710:39 amRNSAnnual Financial Report for 2016
27th Feb 20173:07 pmRNSBoard Approves Nominations to the Board
22nd Feb 20172:19 pmRNSNotice of AGM
28th Dec 20167:00 amRNSTatneft appoints new Chief Accountant
21st Dec 201612:13 pmRNSInformation about the funds held in Tatfondbank
21st Dec 201611:55 amRNSTatneft sells its shares in Nizhnekamskneftekhim
12th Dec 201611:37 amEQSEQS-Regulatory: 20th Anniversary of Listing: Tatneft opened the market for trading at the London Stock Exchange and held a meeting with international investors
30th Nov 201612:42 pmRNS3rd Quarter Results
30th Nov 201612:34 pmRNSAppeal Court in Paris Refused Ukraine's Appeal
24th Nov 201612:48 pmRNSRegular Board Meeting
3rd Nov 20162:31 pmRNSTatneft Board Meeting
28th Oct 20168:01 amRNSTatneft increases its shareholding in Bank Zenit
20th Oct 20164:50 pmRNSWarning from Tatneft Regarding Fake Company
5th Oct 20167:00 amRNSInvestors visit to Tatneft
8th Sep 20164:32 pmRNSProduction results August 2016
31st Aug 201612:47 pmRNSConference call re 1H2016 results
26th Aug 20167:51 amRNSHalf-year Report
11th Aug 20168:38 amRNSTatneft's Production Results
4th Aug 20163:25 pmRNSBoard Discussed Tatneft Group Strategy to 2025
30th Jun 20164:40 pmRNSTatneft increased its shareholding in Bank Zenit
30th Jun 20167:00 amRNSReport on Payments to Govts
24th Jun 20164:15 pmRNSResult of AGM
9th Jun 20168:55 amRNS1st Quarter Results
25th Apr 20165:03 pmRNSBoard approves AGM agenda, recommends dividends

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