Good evening,
Today I got the message from my house bank that the conversion of DRs (Russian DR) to Russian common shares is considered permissible under the current EU sanctions, as NSD temporarily does not get any economic benefit from the conversion instructions.
Affected shares:
Important notes:
- The application will be processed on a best-effort basis
- There is a fee for conversion of GDRs: $0.05 per DR
- Due to EU sanctions, trading in Russian common shares is currently not possible.
The deadline is this Wednesday.
What to do. Convert or leave it in GDRs?
I'm leaning towards the conversion at the moment.
