PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, notifies about the change of depositary for its Global Depositary Receipts program.
MMK announces that Citibank, N.A. has replaced The Bank of New York Mellon as depositary for the MMK's Global Depositary Receipt ("GDR") program (the "GDR Program"), effective as of July 27, 2021.
The MMK's GDRs trade on London Stock Exchange under the symbol "MMK". Each GDR represents 13 (thirteen) ordinary shares of the company. MMK's underlying ordinary shares are listed and trade on Moscow Stock Exchange under the symbols "MAGN".
PJSC Sberbank will continue to act as the Custodian providing custody of the local underlying shares.
Holders of the Company's GDRs do not need to take any action in connection with this notice.
Information regarding the Depositary:
Citibank, N.A. is a national banking association organized under the United States federal law.
The registered office of the Depositary is located at 388 Greenwich Street, New York, New York 10013, USA.
For more information about Citibank, N.A.'s services relating to the ADRs please visit https://depositaryreceipts.citi.com/.
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