1Yr·

Hello, I received a notice from Scalable Capital on 8/18/2013 that a corporate action will be possible for my Gazprom ADRS to exchange sanctioned classes. Does this mean that I will get the original shares? Where can I possibly sell the shares then?

Does anyone have more detailed information?

I have not figured out from the letter!🤔$GAZP

10 Comments

Brock@TheRealBrockNicholson

1Yr

I read in my letter that it works only if you have a deposit in a Russian bank.

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GeldmitKopf@cashwithhead

1Yr

post the letter

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Ronald@AlterMann

1Yr

There helps only the @DividendenWaschbaer

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Kai@Dividenden-Sammler

1Yr

I mean currently no Russian shares can be traded on Western stock exchanges.

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NiMe@NiMe

1Yr

the trading of russian shares is prohibited by eu sanctions.

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Sparfuchs@Reinecke

1Yr

I am still waiting for this letter. Exchange the shares and leave them for 20 years. However, you also have to exchange the shares so that they can be sold.

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Smartshopper@Smartshopper

1Yr

@KleinviehmachtMist What I do not understand in the letter is only something about a settlement offer! In addition, one should give as proof the selling price. I have but only a purchase price, since a sale is not possible! In the instruction is then also only, that one accepts the offer completely or partially. Nowhere a word of it that one gets the original shares booked, still a compensation price. The total black box!

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Sparfuchs@Reinecke

1Yr

@Smartshopper I would simply have used a price that was acceptable to me. After all, there are already 2 years of dividends missing.

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Ersin@ersin_boerse

1Yr

me neither. Mail is unclear. The deadline is September 25, 2023. And who is the buyer here? I think we can not leave these lines empty? Name of the buyer's bank: ___________________________________________ Domicile of the buyer's bank: ___________________________________________ Address of the buyer's bank: __________________________________________ Name of the final beneficiary: ____________________________________________ Nationality of the final beneficiary: ______________________

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Marcin Kummer@MartyMcFly

1Yr

ADRs were converted to ruble ordinary shares in my case and are in an eruopean depository (don't have a russian bank account, everything runs through Maxblue) - trading is not possible and I don't receive any dividends.

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