Gazprom’s unrestricted American Depositary Shares were granted an introductory listing and included in the quotation list of the Singapore Exchange on June 17.
“The listing of Gazprom’s GDRs on the Singapore Exchange is a significant result of the company’s efforts to broaden its investor base globally,” Gazprom said in a statement.
“Investors from the Asia-Pacific region are getting access to Gazprom’s remarkable long-term growth. Gazprom is committed to creating long-term value for all its shareholders, and the Singapore listing will positively support the liquidity of Gazprom’s shares,” it said.
This step aims to bring Gazprom to the ultimate goal of 24-hour trading of the company’s securities on international platforms.
Gazprom’s joint corporate brokers Horizon Corporate Finance, JP Morgan, and Gazprombank acted as the financial advisers to the transaction, and Skadden, Arps, Slate, Meagher & Flom together with Allen & Gledhill provided legal advice on the listing. BNY Mellon is the depositary bank for Gazprom’s GDR Program.