Participation in depository receipts programme
American and Global Depository Receipt programmes continued throughout 2017 for the Company’s shares trading on the OTC market of the U.S., UK, Germany, and other countries. One ADR is equal to five common shares of Gazprom Neft PJSC. The depository bank for the Company’s depository receipt programme is The Bank of New York Mellon.
As of the end of 2017, the total number of ADR issued for common shares was equal to 101 million shares (2.1% of the Company’s charter capital). The decrease in the total number of ADR issued for common shares is due to the current redemption of ADR over the course of the year amidst restrictions on the issue of new ADR.
Trading volume with the ADR of Gazprom Neft PJSC totalled USD 134.79 million in 2017, including USD 134.29 million on the IOB London Stock Exchange and USD 0.5 million on the OTCQx. Average monthly trading on the IOB LSE totalled USD 11.2 million.