存托凭证（ADR / GDR）

来自"不友好"司法管辖区的公司的地位并不明显。

CIAN PLC存托凭证强制转换的关键截止日期与操作要点。

俄罗斯存托凭证恢复分红支付，并实施新的申领期限。

EVRAZ的股票在申请获得批准后成功贷记给客户。

Ozon登记处公布了从5千卢布到120万卢布费率转换的最终收费结构（自2025年12月1日起生效）

We offer essential details about crucial dates and deadlines for the OZON ADR/GDR forced conversion.

Anton Shamatonov, MAGENTA Legal's Managing Partner, provides detailed answers to the questions conserning the upcomming procedure of forced conversion of OZON foreign depositary receipts (ADR/GDR).

我们提供关于OZON存托凭证转换的详细信息，并解答有关俄罗斯法律规定的机制的常见问题——该机制允许将外国存托凭证（ADRs/GDRs）兑换为俄罗斯普通股。

Ozon Holdings, one of Russia’s largest e-commerce companies, is in the final stages of redomiciliation – relocating its place of incorporation from abroad (Cyprus) to the Russian Federation.

Anton Shamatonov, Managing Partner of MAGENTA Legal, provides a comprehensive explanation of the relevant procedures and strategic options for investors of EVRAZ plc.

Shareholders of the British company EVRAZ plc can protect their investments by participating in the distribution (de facto conversion) of their shares into shares of the Russian company EVRAZ Group, which owns real assets. We have prepared a presentation on how this is possible.

If you hold shares of EVRAZ plc (or certificates evidencing such shares), you may now be entitled to convert them into shares of PJSC EVRAZ NTMK (“NTMK”) under Russian law

MAGENTA Legal has completed the forced conversion of HeadHunter Group PLC depositary receipts: a detailed overview of the procedure, documentation, and new opportunities for investors

Can a heir (an "unfriendly" person) inherit in a type "C" depo account converted shares of Russian companies held by a testator (an "unfriendly" shareholder) at a type "C" depo account This is an important question for many shareholders from the EU and other "unfriendly" countries. 

Russian legislation now provides new options for the “exchange” of de facto frozen assets. If a Russian resident has assets (property, securities, etc.) maintained abroad, the disposal of which is restricted due to “unfriendly” actions of foreign states (a very broad definition), and the “unfriendly” person holds securities in Russia, these can be “exchanged”. 

Our clients often ask us questions about the conversion of DRs. We have also collected frequently asked questions and provide our answers.

MAGENTA Legal has completed the forced conversion of TCS Group Holding depositary receipts: a detailed overview of the procedure, documentation, and new opportunities for investors

Exciting news for all Sber shareholders who have successfully converted their depositary receipts into shares. The Bank has announced unprecedented dividend payments for 2024.

The season of legal ratings for 2024 is over. After Rossiyskaya Gazeta and Pravo-300, we are pleased to announce that our company has also been recognised by Kommersant.

Many of our clients ask us how citizens of the “unfriendly” countries (all EU countries, UK, US, etc.) can use their assets received to the special type “C” (or “S” – in Russian) accounts after converting depository receipts (DRs) of Gazprom, Tatneft, Lukoil, etc. into shares and/or receiving dividends on the type “C” accounts by these shareholders.

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.

Gazprombank: information on paying fees and checking account status for the holders of shares. Is it possible for the share account holders to check its status online and pay bank commissions in advance?

At the end of 2024 many Russian companies (including three major oil companies – Lukoil, Rosneft and Tatneft) held general meetings of shareholders in regard to the distribution of the dividends.

Last week the results of two legal ratings were published: first, Russian Gazette published the rating of the best lawyers and their firms, and a little later the award ceremony of the prestigious PRAVO-300 rating, which celebrated its 15th anniversary, took place. As a renewed brand, MAGENTA Legal took part in the rating for the first time – and was recognised in all 4 nominations of the federal ratings.

In accordance with the decision of the Central Bank of Russia dated 03/10/2024, based on the decree of the President of Russia No. 840 dated 02/10/2024, the transfer of all shares of the Russian companies kept on the type “C” (“S”) accounts in GPB/other nominal holders within the Russian National Settlement Depository (NSD) has commenced. The transfer is made from NSD to other Russian registrars (based on the respective issuer of the shares, for example, for GAZPROM it is registrar “Draga”). As can be concluded from the information available, NSD will no longer take part in this process.

VK (VKONTAKTE) has announced the beginning of the forced (mandatory) conversion of its Global Depositary Receipts (GDRs). Filing of the Application for forced conversion with the Russian Registrar AO “MRZ” (JSC IRC, “Registrar”) to initiate forced conversion of VK GDRs is possible starting from 25.09.2024. The forced conversion will be over on 22.01.2025.

Positive news for the holders of Lukoil, Tatneft, Rostelecom and PhosAgro depository receipts (DRs) – according to Citibank's recent announcement, Citi shall keep their books opened till 01 October. It means that currently the last day of conversion of these DRs will be on 30.09.2024.

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has issued 2 general licenses under which certain transactions with the Russian National Settlement Depository (NSD) can be made until 12.10.2024. This means that communication with the Russian NSD will be possible for at least the next 2,5 months.

Many clients ask us about the situation with the GDRs of the Russia-related companies – Were they delisted? Is trading possible? Can they be sold? The answer is usually negative, since the majority of stock exchanges hindered these securities in 2022-2023. However, not all of them are completely delisted, which means that in theory for some of them trading can still be resumed.

Samolet Plus, a provider of housing solutions and part of the Samolet Group, plans to raise up to 825 million RUB in a pre-IPO process, according to Interfax. The IPO on the Moscow Stock Exchange is planned for the beginning of 2026. According to Samolet Plus' forecasts, the company's share of the real estate market will be 35% in 2026 and its revenues will reach 32 billion RUB.

Important news for the holders of Lukoil, Tatneft, Rostelecom and PhosAgro DRs – according to Citibank's recent announcement, on 01 August Citi close their books. It means that currently the last day of conversion of these DRs will be on 31.07.2024.

On June 30, 2024 PhosAgro held a general meeting of shareholders that the dividends will be paid to its shareholders in the amount of RUB 294 (approx. EUR 3 as of 10 July 2024) per 1 share.

Our clients often ask us questions about the conversion of DRs. In February and June we held a webinar to provide an update and we have also collected frequently asked questions and provide our answers below.

German law firm AWARR and Russian law firm MAGENTA Legal held another joint webinar on conversion of depositary receipts for shares of Russian companies.

As it was analyzed in our notice regarding forced (mandatory) conversion of Global Depositary Receipts (GDRs) in 2024, forced conversion for the companies, which have re-domiciled to Russia, is already possible meaning that the holders of the GDRs can get a chance to finally convert their GDRs into shares.

Our clients now receive the standard informational notice from GAZPROM. Reference No. 927559, type INFO, ISIN RU0007661625. The notice concerns a general meeting of the shareholders that will take place on 28 June 2024

Some companies traditionally associated with Russia have long been registered in foreign jurisdictions such as Cyprus (e.g. TCS Group / Tinkoff Bank), the Netherlands (Yandex) or the British Virgin Islands (e.g. VK / VKONTAKTE). These companies organised the issuance of depositary receipts (DRs) for their shares and successfully sold them on foreign markets. Many of our clients have asked whether the forced conversion of such depositary receipts, which will be introduced in 2022, applies to these companies. Our answer was 'no', as the forced conversion was designed exclusively for companies incorporated in the Russian Federation. In the period from 2022 to the present, some of these RF-related companies have decided to redomicile, i.e. to move their registration to Russia which opens up new conversion opportunities.

Our clients often ask us questions on DRs conversion. In February we held a webinar to provide a status update. We have also collected frequently asked questions and provide our answers below.

How foreign companies can exchange blocked Russian rubles for foreign securities

MAGENTA Legal and the German law firm AWARR Legal held a webinar on the conversion of depositary receipts for shares of Russian companies.