Regulatory Actions By SGX::Singapore Exchange Regulation Suspends Trading in PJSC Gazprom GDR

Issuer & Securities

Issuer/ Manager
JSC GAZPROM
Securities
PJSC GAZPROM GDR - US3682872078 - AAI
Stapled Security
No

Announcement Details

Announcement Title
Regulatory Actions By SGX
Date &Time of Broadcast
07-Mar-2022 08:01:58
Status
New
Announcement Sub Title
Singapore Exchange Regulation Suspends Trading in PJSC Gazprom GDR
Announcement Reference
SG220307OTHR80L4
Submitted By (Co./ Ind. Name)
Singapore Exchange Regulation
Designation
Singapore Exchange Regulation
Description (Please provide a detailed description of the event in the box below)
The Exchange notes the 5 March 2022 announcement by the Ministry of Foreign Affairs on the Singapore government financial measures in relation to Russia, including prohibitions against entering into transactions or arrangements, or providing financial services that facilitate fund raising by entities owned or controlled by the Russian government. The prohibitions apply to buying and selling new securities, providing financial services that facilitate new fund raising by, and making or participate in the making of any new loan to the above entities.

The Exchange notes that the Russian government is the ultimate controlling party of Gazprom and has a controlling interest (including both direct and indirect ownership) of over 50% in it. Accordingly, to ensure that the market is fair, orderly, and transparent, and the Exchange does not act contrary to the interests of the investing public, the Exchange will suspend the admission to trading of the PJSC Gazprom GDR pursuant to Listing Rule 1405(1)(k).

The Exchange is monitoring developments and will update the market of any material information.