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- The order book for the conversion of Sberbank's receipts into shares by the JPMorgan Chase depositary is open. Holders of Sberbank's receipts deposited with the National Settlement Depository (NSD) submit to their broker an application for conversion specifying their depository account with the Russian depositary bank.
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How did Sberbank convert its shares?
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Apr 15, 1993 · Share conversion was accomplished through a 60-fold increase in nominal value of share and no change to the number of shares outstanding (via re-evaluation of the Bank’s assets): All ordinary shares outstanding with a nominal value of RUB50 per share were converted into ordinary shares with a nominal value of RUB3,000 per share;
- sberbank@sberbank.ru
Jan 23, 2018 · Within Russia, inflation heated up during the crisis period assisting Sberbank's share price. Outside of Russia, the depreciated ruble created a "discount" for investors.
- Dennis Viliardos
Jul 20, 2022 · MOSCOW — Sberbank, Russia’s largest lender under Western sanctions, said on Wednesday it had started converting its depository receipts into ordinary shares. A compulsory conversion mechanism will be introduced at the request of holders of depository receipts held outside Russia.
May 18, 2022 · Sber informs on the beginning of the 30-day period during which holders of depositary receipts are entitled to convert the receipts into Sber ordinary shares at a ratio of 1:4.
- MSCM
- SBER
- 549300WE6TAF5EEWQS81
Jul 6, 2022 · Interactive Brokers, for instance, had managed to convert Sberbank GDRs into ordinary shares. Supposed to be a trial initially, this approach was to be subsequently rolled out to other Russian DRs. Several Swiss full-service banks had also managed to resolve the issue for their clients.
Jul 8, 2022 · Depositary receipt holders of Russia's Sberbank, VTB face conversion headache. Investors holding depositary receipts in Russia's sanctioned top banks are facing difficulties in converting them into shares after the European Union targeted Russia's national clearing house with sa...
