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Showing posts with the label Solidcore

Liquidation of SolidCore (Polymetal / AUCOY) depositary receipts by BNY

BNY has put out a notice in which they inform holders of depositary receipts of Solidcore (formerly known as Polymetal; AUCOY) that they have sold the shares underlying the depositary receipts. BNY will process a cash distribution of $ 4.09 per depositary receipt.  The notice can be found via this link: https://www.adrbny.com/content/dam/adr/documents/corporate-actions-dr/files/AD2000242.pdf

Solidcore (formerly known as Polymetal) final exchange offer and mandatory buyback of blocked shares

Subject to approvals by the General Meeting, which will be held on 29 July 2025, the Solidcore will conduct a final exchange offer for shares administered in Russia infrastructure with Euroclear in the chain of custody and establish a framework which will allow the Solidcore to execute a mandatory buyback of all shares which continue to be held in Euroclear at US$ 2.57 per share. Persons holding their shares in Euroclear through non-sanctioned broker(s) or depositories outside of Russia and who have not yet transferred them to AIX (Astana International Exhibition) are urged by Solidcore to do so no later than 31 October 2025 to prevent being subjected to a mandatory buyback. European shareholders may consider opening an account with Freedom Finance, the Kazakh Halyk Bank, or other brokers with AIX access in order to transfer their shares to AIX infrastructure. Shareholders holding their shares through the National Settlement Depository (NSD) or indirectly under Euroclear through other ...