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angle-left null Completion of the delisting of GDRs representing PJSC TransContainer shares
29.09.2020

Completion of the delisting of GDRs representing PJSC TransContainer shares

PJSC TransContainer ("TransContainer" or the "Company") (MOEX: TRCN) notifies that today, on 29 September 2020, (i) the admission to trading of the Global Depositary Receipts (ISIN US8935561006) representing the Company's ordinary shares (the "GDRs") on the Main Market of the London Stock Exchange (the "LSE") and (ii) the listing of the GDRs on the Official List of the UK Listing Authority have been cancelled.
 
The delisting of the GDRs from the LSE was approved by the Board of Directors of the Company on 31 August 2020.
 
The Company decided to cancel its listing in light of the 100% consolidation of the ordinary shares in its charter capital by one controlling shareholder, Delo-Center LLC, following the recently completed mandatory squeeze-out procedure by Delo-Center LLC, and the subsequent termination of the GDR facility by The Bank of New York Mellon, the depository of the GDR facility.