Trading discontinues in Globaltrans GDRs in T +1 setting on Moscow Exchange
MOSCOW. Oct 21 (Interfax) – Trading has truly discontinued within the GDRs of Globaltrans Investment Plc within the T +1 setting on the Moscow Exchange on Monday in keeping with the upcoming delisting of GDRs from the MOEX on November 12, the rail haulage agency claimed.
Holders of GDRs will definitely not have the power to affect GDR acquisition and sale offers on organized professions of the Moscow Exchange starting on October 21. However, homeowners of GDRs may nonetheless market their corresponding GDRs by becoming a member of the tender deal up till November 6, complete, Globaltrans claimed.
As reported, Globaltrans’ board of supervisors on September 13 approved the itemizing of the agency’s GDRs on the Astana International Exchange (AIX) and the volunteer delisting of GDRs from the London Stock Exchange, the Moscow Exchange, and the SPB Exchange, particularly.
The AIX is anticipated to finish up being the only buying and selling system for the agency’s GDRs after delisting from the LSE and the Moscow andSt Petersburg exchanges.
Globaltrans likewise supposedly submitted an software on October 7 to delist GDRs from the Moscow Exchange.
In hyperlink with the delisting and alter to a solitary itemizing on the AIX, Globaltrans’ subsidiary, GTI Finance LLC, on October 8 launched a buyback of the agency’s GDRs, whose civil liberties are taped within the National Settlement Depository (NSD) and SPB Bank, at 520 rubles per safety.
Globaltrans on October 15 submitted an software for admission to itemizing and buying and selling its GDRs on the AIX.
Globaltrans focuses on rail transport of metallurgical freight, oil gadgets, constructing and development merchandise and coal. The agency was established in 2004 by a group of comparable enterprise homeowners that joined their merchandise rail transport companies underneath the Globaltrans model title. The general fleet of Globaltrans since completion of June 2024 consisted of regarding 64,500 methods of rolling provide, and 94% of the general fleet is company-owned.
The main investor of Globaltrans with 26.7% of shares is Kazakhstan- based mostly funding agency Aqniet Capital LLP, whose recipient is enterprise ownerKairat Itemgenov Marigold Investments Ltd, whose recipient is Globaltrans founder Andrey Filatov, has 11.5%. The completely free float is 55.7%.
