Sberbank (SBER) Sberbank: Sber informs on the conversion of depository receipts into ordinary shares 18-May-2022 / 12:22 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. Sber informs on the conversion of depository receipts into ordinary shares Sber informs on the beginning of the 30-day period during which holders of depositary receipts are entitled to convert the receipts into Sber ordinary shares a
Holders of Sberbank's depositary receipts can exchange them for Sberbank's shares by June 16, the bank said in a statement, adding that it notified the London Stock Exchange of its intention to terminate the circulation of the receipts.
Chief Financial Officer Alexandra Buriko and fellow Deputy Board Chairman Sergei Maltsev decided to terminate their employment with the bank, Sberbank said in a statement. "Within the framework of transforming Sberbank's governance model and updating its strategy, changes have been made to the composition of the board," Sberbank said.