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RusHydro GDR, ADR programs on London Stock Exchange conclude on Aug 2


Interfax Russia & CIS Energy Newswire  

 

    MOSCOW. Aug 2 (Interfax) - RusHydro's depositary receipts (MOEX: HYDR) were removed from the list of securities admitted to trading on the London Stock Exchange (LSE) on August 2, the generating company said.

    As such RusHydro's GDR and ADR programs were concluded.

    At the beginning of July RusHydro notified depositary bank BNY Mellon (SPB: BK) about the termination of the agreement and delisting from the LSE.

    RusHydro's shares have been traded on the LSE since 2009. The LSE stopped trading the company's receipts in early March.

    As of the end of 2020, RusHydro shares in the form of depositary receipts (ADR and GDR) were traded outside Russia in the amount of 5.84 billion units, which amounted to 1.33% of the company's charter capital.

    RusHydro unites more than 60 hydroelectric power plants in Russia, thermal power plants and power grid assets in Russia's Far East, as well as energy sales companies and research and design institutes. The installed capacity of the power plants that are part of RusHydro, including the Boguchanskaya HPP, is more than 38 GW.

    Russia's Federal Property Management Agency (Rosimuschestvo) was the company's principal shareholder with a stake of 61.73% at the end of 2020. VTB (MOEX: VTBR) (MOEX: VTBR) owns a 12.95% stake, and Rusal (MOEX: RUAL) (MOEX: RUAL) owns around 5%.

    Ng of

    (Our editorial staff can be reached at eng.editors@interfax.ru)

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