PJSC Severstal (MOEX: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and mining companies, announces that the St. Petersburg Stock Exchange has decided to admit global depositary receipts (GDRs) for the company's shares to organized trading with the ticker SVST @ GS.
The St. Petersburg Stock Exchange made a decision to admit GDRs on Severstal shares to organized trading without being included in quotation lists. This is due to the high interest of Russian stock market participants in the opportunity to conclude transactions with GDRs on Severstal shares. The corresponding notice was published on the website of the St. Petersburg Stock Exchange on April 20, 2021.
Alexey Kulichenko, Deputy General Director for Finance and Economics at Severstal, said:
exchange. The admission of Severstal GDRs to trading will expand the list of available financial instruments for all categories of investors, and will also allow our shareholders to better diversify currency risks. Severstal is ready to meet the proposals of the stock exchanges, which make it possible to increase the comfort for investors. ”
