Mobile TeleSystems Public Joint Stock Company (MTS), which traded under the ticker symbol MBT on the New York Stock Exchange (NYSE), had its trading suspended on July 13, 2022, and delisting proceedings were initiated. This decision followed the company’s disclosure of its intention to terminate the Deposit Agreement with JP Morgan, the depositary under its ADR program.
The CUSIP for MTS was 607409109, and its ADR ISIN was US6074091090 (Citi Depositary Receipts). The trading of MTS ADRs had been halted since February 28, 2022, prior to the official suspension and commencement of delisting.
Mobile TeleSystems Public Joint Stock Company (MTS) was delisted from the New York Stock Exchange (NYSE) on July 13, 2022. The decision to delist was taken after the company’s disclosure of its intention to terminate the Deposit Agreement with JP Morgan, which managed its ADR program. Trading of MTS’s American Depositary Shares (ADSs) had already been halted on February 28, 2022, amid geopolitical tensions and market conditions related to Russia.
The delisting was formalized following the company’s notification to JP Morgan and subsequent confirmation from JP Morgan regarding the termination of the Deposit Agreement (Business Wire). The process adhered to Section 802.01D of the NYSE Listed Company Manual, which governs the suitability of securities for listing.
Identifiers:
| Ticker | ISIN | Cusip | SEDOL | WPK | Common |
| MBT US | US6074091090 | 607409109 | 2603225 | 501757 | 011374891 |
[hfcm id=”4″]
