Depositary Receipts: Webinar 26 February 2025
German law firm AWARR.legal and Russian law firm MAGENTA Legal held another joint webinar on claiming the dividends for the shares converted from the depositary receipts of the Russian companies.
Ms. Antje Radtke-Rieger, Managing Partner of AWARR.legal, spoke about the new opportunities for the clients to claim their dividends and required documents.
Mr. Anton Shamatonov, Managing Partner of MAGENTA Legal, in his report spoke about possible options of claiming the dividends distributed starting from 2022, but not paid to the holders of depositary receipts of the Russian companies (GAZPROM, LUKOIL, TATNEFT, ROSNEFT, etc.), which can be used by these holders of converted shares. The topics of the terms, required documents, different approaches of the issuers of the shares were discussed at the webinar, as well as the possible services, which can be proposed to the clients. Other topics (claiming of the dividends for non-converted DRs of PhosAgro, checking of the status of the depot account at Gazprombank and execution of payments with this bank) were also mentioned in the webinar.
A video of the webinar is available on MAGENTA Legal's YouTube channel at this link.
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