Depository ReceiptsGlobal Depository Receipts
On September 30, 2008, the Federal Service for Financial Markets (FSFM) of Russia issued permission for circulation of Lenenergo ordinary and preferred shares outside Russia. 74,206,626 ordinary shares and 19,585,504 preferred shares are authorized to be traded abroad, that makes 11.95% of the total quantity of placed shares (as of the permission date).
In Q4 2008, Lenenergo launched four global depository receipts (GDR) programs for Lenenergo shares, which can be traded in Central Europe and the USA. GDR were issued within the programs in compliance with Rule 144A and Provision “S”.
In October 2018 Lenenergo PJSC received a notice of intent to terminate the GDR (Global Depositary Receipt) program by the depository bank due to its inactive nature.
After duly notification of holders of receipts by the depositary bank, the issue of GDRs was redeemed in 2019.