-

Citi Appointed as Depositary Bank for Tatneft’s ADR Program

LONDON--(BUSINESS WIRE)--Citi, acting through Citibank N.A., has been appointed by PJSC Tatneft (“Tatneft”) – one of the largest Russian oil companies – to act as depositary bank for its American Depositary Receipt (“ADR”) program.

Tatneft’s ADRs trade on London Stock Exchange under the symbol “ATAD” and on OTC market under the symbol “OAOFY”. Each ADR represents six ordinary shares of the company. Tatneft’s underlying ordinary shares are listed and trade on Moscow Stock Exchange under the symbols “TATN”.

Sberbank of Russia will continue to act as the Custodian providing safekeeping of the local underlying shares.

Commenting on the appointment, Dirk Jones, Global Head of Issuer Services, at Citi said: “I am delighted, on behalf of Citi that Tatneft has chosen to engage us to work with them as its Depositary Bank. Citi has a market-leading investor Relations Advisory team and an unrivalled global equity distribution network, which together enable Citi’s clients to expand their investor outreach. These unique advantages – together with colleagues around the globe – enable us to bring the power of Citi to bear for each of our clients.”

For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.

About PJSC Tatneft

PJSC Tatneft is one of the largest vertically integrated oil companies in Russia in terms of crude oil production and proved oil reserves. Tatneft’s core operations are focused on exploration, development, production, treatment and processing of crude oil and gas. Tatneft is also involved in petrochemicals, mainly tires, production and marketing, power generation, manufacturing of equipment, engineering, procurement, and construction services, and banking activities

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Contacts

Citi Media Contact:
Shani Halstead
+44 (0) 20 7508 2352
shani.halstead@citi.com

Industry:

Citi

NYSE:C
Release Versions
English

Contacts

Citi Media Contact:
Shani Halstead
+44 (0) 20 7508 2352
shani.halstead@citi.com

More News From Citi

Citi Investor Services Wins US$380 Billion Middle Office Mandate from Aegon Asset Management

LONDON--(BUSINESS WIRE)--Citi Investor Services has been awarded a full middle office mandate by Aegon Asset Management (Aegon AM), covering US$380 billion in Assets under Management and extending a long-term relationship with a key client of 20 years. This mandate expands the scope of services already provided to Aegon AM by Citi, including custody, depositary, collateral, fund accounting and administration as well as transfer agency services. Citi has extended the breadth of its middle office...

Citi advised StepStone Group on landmark $3.3 billion Structured Solutions Vehicle

LONDON--(BUSINESS WIRE)--Citi has advised StepStone Group, a leading global private markets investment firm, on the structuring and placement of the largest structured solutions vehicle of its kind to date, resulting in $3.3 billion in commitments to invest predominantly in private market secondaries. The vehicle enables institutional investors to access the firm's secondaries platform through a flexible and capital-efficient solution. Harsh Shah, Head of Private Capital Solutions at Citi, comm...

Citi Becomes Clearing Member of London Precious Metals Clearing Limited

LONDON--(BUSINESS WIRE)--Citi and the LPMCL today announce Citi's admission as a clearing member of London Precious Metals Clearing Limited (LPMCL), adding Loco London settlement services for gold, silver, platinum and palladium. The new offering marks a major expansion of Citi Commodities’ global precious metals business as it delivers a more comprehensive product suite to its global client base. “Citi’s admission as a clearing member of LPMCL represents a natural extension of our long‑standin...
Back to Newsroom