Globaltrans Investment GDR RegS (GB:GLTR) has released an update.
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Globaltrans Investment PLC has announced a listings restructuring which includes the voluntary delisting of the company’s GDRs from the London, Moscow, and SPB Exchanges, and a new listing on the Astana International Exchange to maintain a fully operational trading platform. The Board has also called for an Extraordinary General Meeting on September 30, 2024, to approve a tender offer for GDRs held through specific Russian financial structures, offering a 10% premium over the recent closing price. This restructuring is in response to ongoing regulatory challenges and aims to provide shareholders with an opportunity to monetize their investments amidst market constraints.
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