Public Joint Stock Company Acron (the ‘Company’, LEI code 253400R9KWF00G0V2542) hereby notifies of its intention to request the UK Financial Conduct Authority (FCA) to cancel the listing of the Company's global depositary receipts issued under Regulation S (ISIN US00501T2096) and Rule 144A (ISIN US00501T1007) (the ‘GDRs’), and to request the London Stock Exchange (LSE) to cancel the GDRs admission to trading on the LSE Main Market (the ‘LSE Listing Cancellation’).
The Company is required to terminate its GDR programmes due to the amendments to Russian laws prohibiting circulation of depositary receipts that represent Russian issuers’ shares and prescribing termination of the existing depositary receipt programmes. GDR holders may exercise their rights, inter alia, by converting GDRs into Acron ordinary shares under the depositary programme termination procedure and pursuant to applicable laws.
In accordance with the Listing Rule 5.2.8, the Company is required to give at least 20 business days notice of the intended LSE Listing Cancellation. Therefore, the LSE Listing Cancellation is to become effective at 8.00 am (GMT) on 25 May 2022, with 24 May 2022 being the last day of the GDRs trading on the London Stock Exchange.
After the LSE Listing Cancellation, the Company will continue its listing on the regulated market of the Moscow Exchange.