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Public Joint Stock Company Gazprom (OGZPY)

Other OTC - Other OTC Delayed price. Currency in USD
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1.10000.0000 (0.00%)
At close: 10:45AM EDT
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  • R
    Rui
    https://www.gazprombank.ru/docs/drcancellation/

    For step 1, I've asked IBKR to surrender the ADRs to BNY Mellon, they told me to do the following:

    ""Please note that for us to proceed with a position transfer, an instruction is required. In order to transfer positions from IBKR to a third party broker, you need to first create a Basic FOP request from the Client Portal. After login, select the Transfer & Pay menu followed by Transfer Positions. Select Outgoing. Select Basic FOP Transfer and provide your Broker Information and follow the prompts on the screen.

    Once you create the request, we will contact the counter party in order to arrange the delivery of your assets.

    Kindly make sure that they have been instructed as well about this transfer and are ready to receive your assets.""
  • R
    Rui
    Gazprombank granted me an type “C” securities account with certain restrictions, to remove those restrictions, Gazprombank required clients or their lawyers to visit the bank's office to go through the identification process.

    I've talked to some lawyers in Russia, and here is one of their replies, seems hard as we don't have any Russian Consulate in North Amercian.
    "we send you a POA in DOCX format, you need to have it certified and send the hard copy to Russia. You can certify it in two ways. The first way is to visit the nearest Russian Consulate in your country; the second option is to have it notarized by the nearest notary.

    I would not recommend you the latter way though, because, first, your notary may refuse certifying a document in the Russian language (a POA must be in Russian to be understood by our authorities), and after we receive the POA, we will have to find a translator and a Russian notary to translate the document. And of course it takes some time and money. Yet the notarization is okay if you have no opportunity to visit a consulate."
  • R
    Rui
    The Board of Directors of #Gazprom recommended a #dividend of 52.53 rubles per share. The decision is in line with the company's policy.
    Yield 17.8%
  • M
    Mike
    Just think about it.. Im Russian, got US visa and came sometime in February... Me and my American friend decide to open brokerage account say at BofA. I happened to have brokerage account with Sber, On Feb 24th me and Sarah decide to buy OGZPY. Week or 2 later trading halted, numerous sanctions kick in.. Weeks pass by, Sarah's shares get seized by US govt ( Escrow is pretty much means confiscation), and I manage to convert & sell my shares on MOEX for huge profit. Im not here to mock on you. Just stating facts. US govt punished it's citizens for Putin's games. Russians just doing fine. Lower prices, deflation..Strong rouble, rising stock market etc etc. US is going in opposite Honestly, my head is spinning. Even nazis had more respect for it's citizens. I like americans. Unfortunately Putin seems like an angel in comp to US. You guys have one of the most corrupted, Evil regimes on planet Earth. I guess North Korea is the only state that cant compete with US
  • m
    markiv
    Like many of you on this board, I received the following email today.
    --------------------------------------------------------------------------

    Hello,

    Please be informed that the client application form for an individual – a foreign national or a stateless person was updated.

    We kindly ask you to fill in the updated client application form (attached) in English, sign it with a ballpoint pen, scan or photograph it and send the scanned copy or the photograph of the completed and signed client application to our email address: 'depo email id'

    Please accept our apologies for any inconveniences caused.

    + for US residents: You also need to complete the W9 form attached, sign it with a ballpoint pen and send it with the client application form.

    --------------------------------------------------------------------------------------

    The above email had 3 attachments, the W9 form, the W9 form instructions and the updated questionnaire. The following changes were observed when compared to the earlier version of questionnaire form.

    1) The Full Name box was split into two, First Name and Last name.
    2) Patronymic was listed as third box. Earlier all the names were in one box.
    3) New line item 'Countries/jurisdictions of tax residency (Including the Russian Federation, if applicable)' was added.
    4) New line item 'Taxpayer Identification Numbers in respect of the countries/jurisdictions listed above' was added.
    5) Following was added before signature line 'I give my consent to Bank GPB (JSC) to provide my personal data to the Internal Revenue Service of the United States (including trans-border transfer to the United States) to fill out the reporting forms required by the Internal Revenue Service of the United States'

    I guess the good old fountain pen doesn't work on these forms. I have to use ballpoint.
    I feel this form looks more realistic for opening the account since it has significant information to identify individuals and ensure there is no monkey business going on.
  • A
    AQUARIUS
    So I see that there is still some confusion about the deadlines, etc.
    I hold OGZPY ADRs at 4 different brokerages. Yet, up to this current date there was only 1 broker out of 4 who ever sent me anything about Gazprom ADR Termination. And to my surprise it was the least expected broker which is Robinhood. Here is the message which RH emailed me (back in May 6):

    PJSC Gazprom's Upcoming Termination
    Hi,

    PJSC Gazprom has announced an upcoming Termination. Because you own #### shares, you have the option to participate in this corporate action. You can choose to participate in this corporate action by contacting Robinhood. The deadline for this response is 07/31/23.
    You can learn more about this corporate action here:
    - ADR Termination Notice (link https://www.adrbnymellon.com/files/ad998182.pdf)

    For additional information on corporate actions, check out our Help Center.
    — The Robinhood Team

    So looks like we do have time till Aug 2023.

    PS. The more "reputable" brokers, like JPM, keep silence. Never sent me a word. Not just regarding Gazprom ADRs, but even regarding the SBERbank ADRs whose issuer/sponsor is JPM itself.
  • A
    Anonymous
    Here is what I got back from the Gazprombank:

    "we ask you to indicate the current anniversary date in the form W9 thank you

    Depository center"

    Any idea what are they talking about? I signed and dated the W9 form and I don't see any "anniversary date" on it?
  • N
    Nikolay
    https://drive.google.com/drive/folders/1R5qrVIp0wDM7zdt-Rt-XjfIkqtTOVR_X?usp=sharing

    Hello,



    Please be informed that the client application form for an individual – a foreign national or a stateless person was updated.

    We kindly ask you to fill in the updated client application form (attached) in English, sign it with a ballpoint pen, scan or photograph it and send the scanned copy or the photograph of the completed and signed client application to our email address: depo@gazprombank.ru



    Please accept our apologies for any inconveniences caused.



    + for US residents: You also need to complete the W9 form attached, sign it with a ballpoint pen and send it with the client application form.



    Kind regards,



    Depository Center

    Bank GPB (JSC)
  • S
    Stephen
    To instruct my broker for the transfer of the ADRs to Bank of New York, I need to specify name of account holder. I can’t see that in the GP blurb. I guess it might be Raiffeisenbank Russia. Anyone know account holder at BONY for this step?
  • j
    jack
    We should group together to raise complain about US brokerage firm. They do nothing and uncooperative with clients and NYB Mellon. Please draft email and send it to SEC and post it on social media. Give them pressure.
  • M
    Ming
    Any US resident got reply from Gasprom? They sent me an updated version of questionnaire. And I need to send them W9 form …
  • k
    kees
    GREAT NEWS FROM RUSSIA

    We inform you that a securities account has been opened for you.
    Please find the Notice on newly opened type “C” securities account attached. We also attach a notice on conversion here.

    Depository Center
    Bank GPB (JSC)
  • T
    Toni
    got a notification that my account at gazbank has been opened. will now execute the other steps, well lets see if that works as described....
  • m
    marina
    Can anybody please let me know what form to submit to by broker to surrender my ADR’s or how to instruct my brocket to do it ? My broker is E*Trade
  • R
    Rui
    IBKR just converted my Sberbank $SBRCY into shares on MOEX, if a fully sanctioned Russian ADR like $SBRCY was able to converted by IBKR, For a non-sanctioned stock like $OGZPY, should we wait and ask IBKR for conversion as well?
  • T
    Travis
    With a Gazprom bank type C account, you cannot sell until you have been to Moscow, provided identifying papers and visited a notary.
    This is all impossible for me.
    I will wait and hope things change, BNY Mellon can sell, and I get some crumbs.
  • k
    kees
    Awesome news: we are allowed to trade in moscow at the moex starting end of june!

    At the end of June, the Moscow Exchange plans to launch a separate trading regime for non-residents, where they will be able to sell and buy Russian securities for rubles, sources on the market told Interfax and confirmed the Moscow Exchange.

    Bidding for non-residents will be held in the mode of negotiation transactions, at least for the first time.
  • C
    CHARALAMPOS
    Hi to everyone, I am Greek (Europe) citizen having some Gazprom stocks with Frankfurt stock market, through a Greek broker. On 23.05 I received notification that " GAZPROM HAS ANNOUNCED THE TERMINATION OF ITS ADR-PROGRAMME REPRESENTING SHARES IN THE COMPANY.
    DELISTING OF ADRS IS EXPECTED IN DUE COURSE. If you want to convert your ADRs please note that ATHEXCSD does not support the Russian market, and you must receive the new shares to another custodian. In this case, please provide us with the following details ... ".

    As Gazprom bank replied to me that they don't accept foreign clients and even worse, noone seems to know how to act with this case, does anybody have an idea whom I might contact to transfer my Gazprom stocks ?
    Thank you . PS: Robinhood doesn't work overseas.
  • H
    HANK
    Am I the only one still waiting for the GAZPROM depo account? Until now still no news :(
  • m
    marina
    Does anybody know DTC number for Bank of New Yourk Mellon. My broker is asking for DTC number so they can transfer my adrs