Virginia High School League

Lenta IPJSC: Lenta IPJSC Announces Expected Enactment of the Law Requiring Termination of Depositary Receipt Programs

Retrieved on: 
Monday, April 25, 2022
Effective date, LSE, Control, Local Government Commission for England (1992), Program, Mechanics, ISIN, Moscow Exchange, Foreign direct investment, Company, Law, MOEX, The Law, Permission, Common stock, Virginia High School League, Security (finance), GDR

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • It is likely that the Law will apply to the global depositary receipts (ISIN: US52634T2006, ISIN: US52634T1016) (the "GDRs") representing ordinary shares in the Company (the "Ordinary Shares").
  • The mechanics and timing of conversion of the GDRs into the Ordinary Shares remain unclear.
  • We recommend that investors discuss with their legal, financial, tax and strategic advisers the implications of the Law and potential termination of the Company's GDR program.

PAO Severstal: Information regarding GDR program

Retrieved on: 
Thursday, April 21, 2022
The Law, Decision-making, Russia, Effective date, Citibank, Virginia High School League, Communication, Law, Security (finance), GDR

The Law envisages the termination by all Russian issuers, including PAO Severstal, of their depositary receipt facilities.

Key Points: 
  • The Law envisages the termination by all Russian issuers, including PAO Severstal, of their depositary receipt facilities.
  • N.A., as the Depositary for its GDR Programme, of its implications and asked the Depositary to consider the steps necessary to be taken in connection with the termination of the GDR Programme.
  • As at the date of this communication, the Depositary has not provided any feedback to PAO Severstal.
  • Therefore, PAO Severstal would also encourage GDR holders to liaise with the Depositary in accordance with the terms of the relevant Deposit Agreements and discuss options available to secure their rights, including in connection with the conversion of GDRs into PAO Severstal's ordinary shares.

PhosAgro PJSC: PhosAgro Will Not Be Publishing Operating and Financial Results for 1Q 2022

Retrieved on: 
Monday, April 18, 2022
MAR, CIS, LSE, MSCI, Ammonia, Efficiency, RAFP, MCP, London, Company, Fertilizer, Virginia High School League, London Stock Exchange, Security (finance), Moscow Exchange, EU, PhosAgro

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Moscow - PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, has decided not to publish its operating and financial results for the first quarter of 2022.
  • In view of the suspension in trading in the Company's GDRs, making 1Q operating and financial results public would benefit some investors more than others.
  • Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.

Fix Price Group Ltd. : Fix Price reports on transactions within the share buyback

Retrieved on: 
Tuesday, April 12, 2022
LSE, JSC, Company, ISIN, MAR, Program, MOEX, Virginia High School League, Moscow Exchange, Security (finance), EU, GDR

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.
  • The GDRs purchased by VTBC were sold to the Company.
  • No other purchases of GDRs were made by the Company since 21 February 2022.

Sistema PJSFC: Ad-Hoc Notice

Retrieved on: 
Tuesday, April 12, 2022
Adoption, Legislation, Tourism, Mechanics, Citigroup, Program, Corporation, London, Paper, RUB, Agriculture, London Stock Exchange, Federation Council (Russia), Moscow Exchange, LSE, SSA, MOEX, Virginia High School League, Telecommunication, Book, Security (finance), Sistema

Remaining steps of the legislative process involve consideration of the bill by the Federation Council (upper chamber of the Russian parliament) and the President of the Russian Federation.

Key Points: 
  • Remaining steps of the legislative process involve consideration of the bill by the Federation Council (upper chamber of the Russian parliament) and the President of the Russian Federation.
  • The underlying shares would continue to be listed on the Moscow Stock Exchange, which would remain the sole listing venue of the Corporation's equity securities.
  • The adoption of this legislation could materially adversely affect the liquidity in, and the trading price of, Sistema's GDRs and ordinary shares.
  • Sistema notes the announcement of its GDR program depository Citi Depositary Receipt Services ("Citi") that it will open the books for cancellation of the depositary receipts programs of the Corporation along with other Russian issuers effective immediately.

PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro

Retrieved on: 
Monday, April 4, 2022
Company, Ammonia, S&P, Economy of the European Union, PhosAgro, Fertilizer, Moody's Investors Service, MCP, MAR, MSCI, London, PJSC, RAFP, London Stock Exchange, CIS, LSE, Fitch, Efficiency, Virginia High School League, Risk management, Security (finance), Moscow Exchange, EU

PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro

Key Points: 
  • PhosAgro PJSC: Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro
    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • Moody's, Fitch and S&P Withdraw Credit Ratings from Russian Companies, Including PhosAgro
    Moscow - PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that Moody's, Fitch and S&P have withdrawn PhosAgro's credit ratings.
  • The basis of the decision was the European Union's ban, introduced on 15 March 2022, prohibiting EU-based rating agencies from assigning credit ratings to Russian companies, as well as a ban on providing rating services to Russian customers.
  • Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.

VK Company: Comment on Interest Payment under Convertible Bonds

Retrieved on: 
Friday, April 1, 2022
Transfer, Company, Trust company, Clause, USD, Principal, MAR, Bank, Bond (finance), Investor relations, BNY Mellon, Condition, Agency agreement, LSE, Agency, VK, MOEX, Virginia High School League, Security (finance), EU, Bond

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
  • VK Company Limited (LSE, MOEX: VKCO, hereinafter referred as "VK" or "the Company"), informs that the regular semi-annual interest payment in the amount of USD 3.25mn under USD 400mn 1.625 per cent.
  • As a result, according to Clause 5.1 of the Agency Agreement, the Company has fulfilled its obligations in respect of the interest payment in full.
  • The Paying, Transfer and Conversion Agents, having received the funds from the Company, shall, subject to and in accordance with the Conditions, pay interest in respect of the Bonds on its due date on behalf of the Company.

MD Medical Group Investments Plc: MD MEDICAL GROUP ANNUAL REPORT 2021

Retrieved on: 
Friday, April 1, 2022
EBITDA, LSE, Company, Beacon Medical Group, London Stock Exchange, MOEX, Hospital, London, Virginia High School League, Health insurance, Online gambling

MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market.

Key Points: 
  • MD Medical Group is a leading provider in the highly attractive Russian private healthcare service market.
  • The company manages 47 modern healthcare facilities, including 8 hospitals and 39 out-patient clinics in 25 of the Russian regions.
  • In 2021, MDMG's revenue amounted to RUB 25.2 billion, EBITDA amounted to RUB 8.3 billion.
  • The Company's GDRs are traded on London Stock Exchange (LSE: MDMG) and Moscow Exchange (MOEX: MDMG).

VK Company: De-listing Event Notice

Retrieved on: 
Friday, March 18, 2022
Transfer, Company, Exercise, Trust company, Date, Seemabaddha, Bond (finance), Business, Investor relations, Redemption, BNY Mellon, Market, Condition, Bank, London Stock Exchange, Calendar, LSE, Conversion, Trustee, VK, Delisting, Virginia High School League, Security (finance), Online gambling, Issuer, GDR, Bond, Notice

Senior Unsecured Convertible Bonds (the "Bonds")

Key Points: 
  • Senior Unsecured Convertible Bonds (the "Bonds")
    (1) Pursuant to Condition 5e(ii) of the Bonds, the Issuer hereby gives notice of the occurrence of a Delisting Event (this "Notice").
  • This is a Delisting Event Notice.
  • De-listing Event Period" means the period commencing on the date on which a De-listing Event occurs and ending 60 calendar days following such date or, if later, 60 calendar days following the date on which this Notice is given to bondholders.
  • (E) such other information relating to the De-listing Event as the Trustee may require: none
    "Put Exercise Notice", once delivered, shall become irrevocable.

Correction: PhosAgro Announces Significant Reduction in its Stake in Phosint Limited

Retrieved on: 
Friday, March 18, 2022
Company, Ammonia, PhosAgro, Fertilizer, MCP, MAR, MSCI, London, PJSC, RAFP, London Stock Exchange, CIS, Acquisition, LSE, Efficiency, Uncertainty, Virginia High School League, Security (finance), Financial services, Moscow Exchange, EU

Moscow - PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that it has reduced its stake in Phosint Limited [1] as a result of the issue of additional shares to Negrinio Limited, which was established by the management of the company's trading structures.

Key Points: 
  • Moscow - PJSC PhosAgro (Moscow Exchange, LSE: PHOR), one of the world's leading vertically integrated phosphate-based fertilizer producers, announces that it has reduced its stake in Phosint Limited [1] as a result of the issue of additional shares to Negrinio Limited, which was established by the management of the company's trading structures.
  • The acquisition by Negrinio Limited of a 95% stake in Phosint Limited and the corresponding reduction in PhosAgro's stake in Phosint Limited to 5% was the result of a management buyout of Phosint Limited by its trading structures.
  • Since 1 June 2016, the Company's GDRs have been included in the MSCI Russia and MSCI Emerging Markets indexes.
  • [1] PJSC PhosAgro had controlled all of the Company's foreign trading companies through Phosint Limited.