Citi Appointed as Successor Depositary Bank for Rostelecom’s ADR Programme
31 December 2019 - 10:00PM
Business Wire
Citi, acting through Citibank N.A., has been appointed by
Rostelecom PJSC (“Rostelecom”) – the largest digital service
provider, operating in all segments of the telecommunication market
in Russia – to act as successor depositary bank for its American
Depositary Receipt (“ADR”) programme.
Rostelecom’s American Depositary Shares (“ADS”) trade on London
Stock Exchange under the symbol “RKMD” and on OTCQX market under
the symbol “ROSYY”. Each ADS represents six ordinary shares of
Rostelecom. Rostelecom’s underlying ordinary shares are listed and
trade on Moscow Stock Exchange under the symbols “RTKM, RTKMP”.
Commenting on the appointment, Dirk Jones, Global Head of Issuer
Services, at Citi said: “We look forward to supporting Rostelecom’s
ADR programme and to expanding the company’s investor outreach
further through the expertise of our leading Investor Relations
Advisory team and the breadth of our global equity distribution
network.”
For more information on Citi’s Depositary Receipt Services,
visit www.citi.com/dr.
About Rostelecom
Rostelecom is the largest digital service provider, operating in
all segments of the telecommunications market in Russia; it serves
millions of households, the state and private enterprises across
the country. Rostelecom is a key strategic innovator that provides
solutions in the following fields: E-Government, cybersecurity,
data-centers and cloud computing, biometry, healthcare, education
and housing & utility services.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20191231005007/en/
Francesco Meucci +44 207 508 0717 francesco.meucci@citi.com
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