On Wednesday, both companies dropped out of the FTSE 100 in its quarterly review after their market values have plummeted. The mining company Evraz, in which Roman Abramovich owns a 29% stake, and the precious metals mining group Polymetal meet LSE criteria for being assigned “UK nationality” for trading purposes. “The level of sanctions is unprecedented and very dynamic,” Schwimmer said, speaking on a media call as LSEG announced its financial results for 2021.Ĭompanies that are incorporated in the UK with a primary listing in London – or those incorporated elsewhere that adhere to the UK corporate governance and takeover codes and have more than 50% of their shares traded freely in the UK capital – are also continuing to trade. The comanies whose GDRs continue to trade are the state-owned Federal Grid, Russia’s largest transmission company, the telecoms provider Rostelecom, the residential property developer Etalon, the supermarket chain O’Key, the fertiliser company Acron, the food retail chain Magnit and the investment company Sistema. Their suspension could also be triggered by an inability to maintain an orderly market. ![]() However, David Schwimmer, the chief executive of London Stock Exchange Group (LSEG), said that seven Russian companies with London GDRs had not been suspended as this depended on further sanction. The LSE said it was taking the action “in light of market conditions, and in order to maintain orderly markets”. The companies trade financial instruments in London including global depositary receipts (GDR) and American depositary receipts (ADR), but not ordinary shares, which are traded in on Russian stock exchanges, where they have their primary listings. The list also includes the fertiliser company PhosAgro, which is chaired by former LSE chief Xavier Rolet and has shareholders including the billionaire Andrei Guriev, who owns Witanhurst in London’s Highgate, the largest private house in the capital and second in size only to Buckingham Palace.Īlso barred are the energy firm Lukoil, Russia’s largest gold producer Polyus, which is controlled by the family of Suleiman Kerimov, as well as Sberbank, the country’s biggest lender, and Novolipetsk Steel, one of the four largest steel companies in Russia. Announcements are visible on over 2 million market professional terminals, databases and financial websites across the world, including key vendor services such as Refinitiv, Bloomberg, Dow Jones as well as the LSE's own corporate website.Also barred are the aluminium company EN+, whose owners include the oligarch Oleg Deripaska, state-controlled Gazprom, the world’s largest gas producer, Rosneft and VK, the parent company of social networking sites including VKontakte, which is bigger than Facebook in Russia. Releasing announcements through RNS ensures company information is distributed immediately and accurately in full text and in industry-leading formats. RNS is proud of its track record of service excellence, reliability and commitment to continuous improvement. RNS is widely recognised by the investment community for its stable and secure web-based input system, industry knowledge, product flexibility and 24 x 7 support structure. Clients include the vast majority of Britain's leading benchmark companies as well as all the leading financial public relations firms and corporate advisers. The provider of choice for companies traded on the London Stock Exchange, RNS helps companies and their intermediaries fulfill their UK and other global regulatory disclosure obligations in the most efficient way possible.Īpproaching 350,000 announcements are processed by RNS each year, with over 75% of all regulatory and potentially price-sensitive UK company announcements originating from RNS. ![]() RNS is the UK’s leading service for regulatory news announcements. You need to fulfil domestic and international regulatory obligations, communicate with shareholders, analysts and institutional investors, at the same time explaining your company news to the markets. RNS is both a regulatory and financial communications channel for companies to communicate with the professional investor.Ĭreating an effective investor relations strategy is an increasingly complicated challenge. RNS can help you meet your financial communications needs.
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