3Q 2021 Financial Overview
Dividend payments for DR holders
FX rate determination for dividends
FX rates for conversion of dividends are
determined in a non-transparent manner
According to information from notices for
DR holders³:
Custodian DR issuer has no obligation to
obtain the "best price" for any FX Trade
The conversion rate reflects a foreign
currency transaction ("FX Trade")
DR issuer as
executed by the Custodian
principal counterparty and not as agent,
fiduciary or broker
-
Local Shares
DR
Issuer
Record
date
NCSP
12-Jul-21
Payable
date
28-Jul-21
FX rate¹
Payable
date
73.1 4-Aug-21
FX rate²
Diff.
73.9
1.1%
RusHydro
9-Jul-21
27-Jul-21
73.2 3-Aug-21
73.9
0.9%
Polyus
7-Jun-21 21-Jun-21
72.6
28-Jun-21
73.2
0.9%
Magnit
25-Jun-21
7-Jul-21
74.4
14-Jul-21
75.0
0.8%
Gazprom
15-Jul-21 10-Aug-21
73.5
18-Aug-21
74.1
0.8%
Sberbank
12-May-21
1-Jun-21
73.2
8-Jun-21
73.6
0.5%
VTB Bank
15-Jul-21
29-Jul-21
73.1
9-Aug-21
73.4
0.4%
DR holders received their dividends one week later compared to holders of the ordinary shares
| Payable date for
ordinary shares
in RUB
Date of notice and
determination of FX rate
for RUB to USD conversion
4
5
☑
MOSCOW
EXCHANGE
1
Source: BNY Mellon, Deutsche Bank, JP Morgan, Citi, Moscow Exchange. Data as of 15.09.2021
Average weighted USD/RUB FX rate at Moscow Exchange
2
FX rate for dividends conversion
3
Publicly available information on the Custodian - DR issuer web site
7
Days
Λ
Payable date for DR
in USD
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