PJSC «LUKOIL» (hereinafter, the "Company") announces that
the recently enacted Russian Federation law (Federal Law No. 114-FZ
of April 16, 2022 (the "Law")), prohibits circulation
outside of Russia of depositary receipts representing shares of
Russian issuers, effective April 27, 2022. The Law requires Russian
issuers to initiate termination of their depositary receipt
In accordance with the Law and the terms and
conditions of the Company's American Depositary Receipt (hereinafter,
"ADR") facilities, the Company advised Citibank N.A. of its
intent to terminate its Level 1 ADR facility and Rule 144A ADR
facility, effective December 30, 2022.
The Company also notified the FCA and the London
Stock Exchange of its intent to cancel the listing and admission to
trading of the ADRs (ISIN US69343P1057 and ISIN US69343P2048)
and ordinary shares of PJSC LUKOIL (ISIN RU0009024277), effective
June 6, 2022.
holders may convert their ADRs into ordinary shares of PJSC «LUKOIL»
by December 30, 2022. Only persons who held ADRs as of April 27,
2022, are eligible for conversion of their ADRs into ordinary shares
of PJSC «LUKOIL».
Press Centre PJSC "LUKOIL"
+7 (495) 627-16-77