Further to its announcement on 28 June 2011 regarding its Level I American Depositary Receipt program, Sberbank of Russia announces that it has received approval of the London Stock Exchange for the admission to trading of its ADRs to the London Stock Exchange’s International Order Book (IOB) trading platform.
Trading is expected to commence on 1 July 2011. The ISIN for the ADRs is US80585Y3080 and the LSE TIDM will be “SBER”. The ADRs are not being listed on the Official List of the United Kingdom Listing Authority.
The Bank of New York Mellon (BNY Mellon) will be acting as the depositary bank and Sberbank of Russia will serve as the custodian bank for the ADR program. One ADR represents 4 (four) ordinary shares of Sberbank of Russia.
Debevoise & Plimpton LLP acted as legal counsel to Sberbank of Russia in connection with the establishment of the ADR program and the application for admission to trading to the London Stock Exchange.
Source: Sberbank
Date: 30.06.2011
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