LSE keeping eye on situation regarding sanctions against En+; in discussions with British authorities
MOSCOW. April 9 (Interfax) - The London Stock Exchange, where En+ Group global depositary receipts (GDR) are traded, is keeping a close eye on the introduction of U.S. sanctions against the company.
"The Exchange will continue to monitor the situation and is in communications with British authorities," the LSE said in a statement.
The LSE said that traders need to assess their risks for themselves and take the necessary measures in order to comply with the sanctions regime.
Trading of rule 144a En+ GDR for accredited investors from the U.S. will be suspended due to the sanctions, the statement said. The exchange later released a formal statement on the suspension of the En+ 144a GDR program from 8:00 a.m. GMT.
The company's GDR are also traded under Reg S rule.