Sberbank: Sber informs on the specific license for the depositary program unwinding
Sberbank (SBER)
Sberbank: Sber informs on the specific license for the depositary program unwinding
26-May-2022 / 18:15 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
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Sber informs on the specific license for the depositary program unwinding
Sber informs that the Office of Foreign Assets Control ("OFAC") of the U.S. Department of Treasury has granted JPMorgan, a depository bank, a specific license, which expires on June 17, 2022, to permit an orderly wind down of Sber’s depositary receipt programs.
That means that the cancellation requests will be accepted by JPMorgan until June 16, 2022, unless otherwise announced. OFAC has confirmed that the specific license covers the involvement of U.S. and non-U.S. persons, as well as third-party market participants necessary to effect cancellation of the DRs, including the Depository Trust & Clearing Corporation and the International Central Securities Depositories.
Sber informs that the Office of Foreign Assets Control ("OFAC") of the U.S. Department of Treasury has granted JPMorgan, a depository bank, a specific license, which expires on June 17, 2022, to permit an orderly wind down of Sber’s depositary receipt programs.
That means that the cancellation requests will be accepted by JPMorgan until June 16, 2022, unless otherwise announced. OFAC has confirmed that the specific license covers the involvement of U.S. and non-U.S. persons, as well as third-party market participants necessary to effect cancellation of the DRs, including the Depository Trust & Clearing Corporation and the International Central Securities Depositories.
ISIN: US80585Y3080, RU0009029540, RU0009029557, US80585Y4070 Category Code: MSCM TIDM: SBER LEI Code: 549300WE6TAF5EEWQS81 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 164464 EQS News ID: 1362429
End of Announcement EQS News Service