Citi’s Global Transaction Services business, acting through Citibank N.A., has been appointed by Mail.ru Group Limited (“Mail.ru”), the Internet company in the Russian-speaking world, one of the largest Internet companies in Russia, and the world’s seventh largest Internet business, as the depositary bank for its London Stock Exchange-listed Global Depositary Receipt (GDR) programme.
Mail.ru’s GDR program was established through a $912,000,000 offering, originally priced at $27.70 per GDR. The GDRs are listed under the symbol “MAIL”. Each GDR represents one ordinary share; however, as a single-listed GDR programme, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.
Ayden Dagg, EMEA Head of Depositary Receipt Services at Citi, said, “We are pleased to have been appointed depositary for Mail.ru’s GDR programme and look forward to helping them broaden their shareholder base through our investor relations expertise and unmatched global equity distribution network.”
D.C.