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Stephan C.
@abskelite
2Año·

Dear Community, I have received the following information from my broker. Would you exchange?

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8 Comentarios
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Zoro@RoronoaZoro
2Año
Short summary: I'm not quite sure if I've understood this correctly, but with this offer you are exchanging ADRs for ordinary shares, which Clearstream says you can't hold in your non-Russian securities account. I have now done a bit of DR. Google and he told me that you have to open a custody account at the non-sanctioned Gazprombank, so the ordinary shares will be deposited there for you. So in the first step you have to open a type C account (https://www.clearstream.com/clearstream-en/products-and-services/settlement/a22055-3052412) & a custody account at Gazprombank, whether this will be successful I actually don't know. In the future, your dividends will be booked on this account, but in rubles, since it is a ruble account. However, I have not yet read of any case where this worked or was already processed. Source: Gazprombank https://www.gazprombank.ru/docs/drcancellationeng/
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Kai@Kai277
5Lun
@RoronoaZoro I have 200 Gazprom shares in my securities account. I wanted to exchange them some time ago. I did some research on Google and YouTube and tried to open an account with Gazprobank by submitting an application.

Feedback: It is only possible to open an account if I am on site with them.

So I leave it.
It'll stay in the custody account.
Maybe in 10 years' time the share will perform again.

One can still hope. :D
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Alex@nitroxx
2Año
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Alex W.@alx77
2Año
And now? What do we do best 😭
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Stephan C.@abskelite
2Año
I really have no idea. Does anyone maybe have an idea what the fees are?
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Marcin Kummer@MartyMcFly
2Año
@abskelite Conversion ADR into ordinary shares for this there is a one-time order fee (amount depends on the broker, at maxblue 19.90€) plus 0.05 USD per ADR, I just did it and am now owner of Russian ordinary shares, whether I get the dividend remains to be clarified...
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Toni M.@INOT
2Año
Do nothing and wait
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Nico W.@nwiegan
2Año
Does anyone have any new information yet I am not getting the shares ADRs exchanged or paid out on my Trade Republic account....
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