St Petersburg Stock Exchange Admits Severstal Shares to Trading
PJSC Severstal announced that the St Petersburg Stock Exchange made a decision to admit GDRs on Severstal shares to organized trading without including them in quotation lists. This is due to the high interest of Russian stock market participants in the opportunity to conclude transactions with GDRs on Severstal shares. The corresponding notice was published on the website of the St Petersburg Stock Exchange on April 20, 2021.
Severstal Deputy General Director for Finance & Economics Mr Alexey Kulichenko said “We welcome the decision of the St. Petersburg Stock Exchange. The admission of Severstal GDRs to trading will expand the list of available financial instruments for all categories of investors, and will also allow our shareholders to better diversify their currency risks. Severstal is ready to meet the proposals of the stock exchanges, which make it possible to increase the comfort for investors."