Polyus to delist from LSE, end DR program - company

MOSCOW. June 22 (Interfax) - The board of directors at Polyus on Thursday decided that it would no longer be reasonable for the company to maintain its GDR and ADR programs and approved the termination of these programs and delisting of receipts from the London Stock Exchange, the No.1 Russian gold miner said in a statement.

The company also notified The Bank of New York Mellon , the depositary for the DR programs, of the termination of the DR programs. It advised DR holders to contact BNYM directly to discuss with BNYM possible options for exercising their rights in connection with the termination of the programs.

The decision to delist was made in light of the recent U.S. and UK blocking sanctions against Polyus, the company said. Trading in Polyus receipts, as well as those of 26 other Russian issuers, was suspended in March 2022.

Polyus said in the middle of June that it had stopped disclosing information under the LSE rules.