Discounts applied upon liquidation of shares (underlying ADRs)

After the liquidation of the Sberbank shares underlying the ADR-program, various investors seem to wonder what the background is of this discount. Decree No. 81 of the President of the Russian Federation dated March 1, 2022, "On Additional Temporary Economic Measures to Ensure the Financial Stability of the Russian Federation" (Decree No. 81; https://www.consultant.ru/document/cons_doc_LAW_410578/ ) established a special procedure for the execution of transactions involving securities between residents of the Russian Federation and "persons of foreign states committing unfriendly acts". According to the general rule stipulated by Decree No. 81, transactions involving securities between residents of the Russian Federation and "unfriendly persons" are only possible with the permission of the Government Commission for the Control of Foreign Investment in the Russian Federation (the Government Commission). The minutes of the Government Commission meeting of th...

Globaltrans Announced the Payment of the Special Interim Dividend to Eligible Shareholders on 15th of September 2025

Many investors in Globaltrans have been waiting for the dividend payment that distributes the receipts of the recent sale of the Russian subsidiaries.

Globaltrans Investment PLC has now announced that the payment of the special interim dividend to the eligible registered shareholders (including the Depositary Bank) has been dispatched (https://www.globaltrans.com/investors/news/detail/2572).

The distribution of the special interim dividend was approved by the decision of the Board of Directors of the Company on 18 April 2025 (https://www.globaltrans.com/investors/news/detail/2557).

In accordance with the Depositary Agreement between the Company and the Depositary Bank, the dividend payment to holders of the Company’s Global Depositary Receipts will be arranged by the Depositary Bank.