Citigroup’s Global Transaction Services business, acting through Citigroup Global Markets Deutschland AG., has been appointed by OJSC “PHOSAGRO”. (PhosAgro) as the Depositary Bank for its London Stock Exchange-listed Global Depositary Receipt (GDR) programme.
PhosAgro’s GDR programme was established through a USD538 million offering, originally priced at USD14.00 per GDR. The GDRs are listed on the London Stock Exchange under the symbol “PHOR”. Each GDR represents 1/30 ordinary shares; and the underlying ordinary shares have been listed in Russia on the RTS and MICEX Exchanges under the symbol PHOR.
Dirk Jones (pictured), Global Head of Securities and Fund Services Client Sales Management at Citi, says: “We’re very pleased that PhosAgro has chosen Citi as its Depositary Bank. We look forward to helping PhosAgro attain higher program visibility and brand recognition, and to working diligently with them to craft a successful programme with broad appeal in the global marketplace.”
