BNY Mellon has been appointed as the successor depositary bank for the Global Depositary Receipt (GDR) program of JSC Federal Grid Company of Unified Energy System.
Each Federal Grid Company GDR represents 500 ordinary shares and trades on the London Stock Exchange under the symbol “FEES.” Federal Grid Company’s ordinary shares trade on the Moscow Exchange under the symbol “FEES.”
Federal Grid Company operates and manages Russia’s unified electricity transmission grid system. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises.
BNY Mellon Appointed Successor Depositary For Russian Energy Grid Company
BNY Mellon has been appointed as the successor depositary bank for the Global Depositary Receipt (GDR) program of JSC Federal Grid Company of Unified Energy System.