27 Jul 2026, 10:04 UTC112 views6 reactionsread 9 August 2026 Photo
New Sber Dividends Checker
Following our earlier tool for LUKOIL, we are now releasing an online checker for (former) holders of Sberbank ADRs and shares.
Both checkers have been developed with the involvement of qualified legal professionals who specialise in Russian securities and dividend recovery. They are designed to help ADR holders whether you held LUKOIL or Sber by providing a first, informed assessment of …
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24 Jul 2026, 10:19 UTC105 views6 reactionsread 9 August 2026 OZON ADRs:
full-cycle project completed
We have successfully completed an end-to-end project involving a large block of OZON shares obtained through the forced conversion of Ozon Holdings PLC ADRs.
The project covered the full path:
• initial assessment of conversion prospects;
• forced conversion support;
• removal of practical restrictions affecting the shares;
• confirmation of the possibility to sell the asset;…
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24 Jul 2026, 10:18 UTC72 viewsread 9 August 2026 Photo
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21 Jul 2026, 09:10 UTC133 views6 reactionsread 9 August 2026 Photo
LUKOIL dividends:
can you still claim payment?
We have launched an online checker for (former) holders of LUKOIL ADRs and shares who want to assess whether a dividend claim may still be possible.
The tool is designed for an initial review of key factors, including:
• whether you hold ADRs or shares;
• which dividend period is relevant;
• whether the claim period may still be open;
• what practical issues may affect…
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10 Jul 2026, 15:57 UTC154 views5 reactionsread 9 August 2026 Photo
*working days
**please do note that it is highly recommended that the documents for conversion be submitted well advance before the deadline so that RAKURS could provide their feedback
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3 Jul 2026, 16:28 UTC163 views6 reactionsread 9 August 2026 ❗️ ACTION REQUIRED
ETALON GDR forced conversion
As we expected and wrote earlier, the forced conversion procedure for Etalon GDRs is scheduled to start on 8 July 2026.
AO Rakurs Invest has announced the application window for holders of Etalon Group PLC GDRs.
GDR ISIN: US29760G1031
Russian share ISIN: RU000A10C1L6
♦️ Key dates
• Start of applications: 8 July 2026
• Official deadline: 5 November 2026 inclusive
We w…
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3 Jul 2026, 16:26 UTC122 views3 reactionsread 9 August 2026 Photo
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3 Jul 2026, 13:04 UTC126 views7 reactionsread 9 August 2026 ❗️ ACTION MAY BE REQUIRED
SBERBANK, MTS, NMTP DRs:
J.P. Morgan liquidation payments
J.P. Morgan has announced completed sales of Russian shares underlying certain terminated DR programs:
• Sberbank — US80585Y3080
• MTS — US6074091090
• NMTP / NCSP — US67011U2087 / US67011U1097
The exact sale dates are not specified in the notices.
The relevant J.P. Morgan notices were published on:
• 13 April 2026 — MTS and NMTP …
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25 Jun 2026, 07:15 UTC117 views4 reactionsread 9 August 2026 Photo
ETALON GDRs:
no public launch yet
At the moment, we are not aware of any public announcement launching the forced conversion procedure for Etalon GDRs.
However, 8 July 2026 is approaching.
This date is relevant because it marks one year from Etalon’s redomiciliation / Russian registration date — the period within which the forced conversion mechanism is generally expected to be launched.
Investors should continue…
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5 Jun 2026, 16:35 UTC170 views7 reactionsread 9 August 2026 OZON dividends:
first payments received
Our clients have started receiving dividends from OZON on shares obtained through the forced conversion of Ozon Holdings PLC ADRs.
This is an important practical milestone: after conversion, registrar review and additional type “C” account checks, the dividend payment mechanics have now started working in practice. At the same time, timing may differ depending on the investor…
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4 Jun 2026, 08:22 UTC375 views4 reactionsread 9 August 2026 Video
ETALON GDRs:
short video update
We have prepared a short video on the current situation around Etalon GDRs and the expected forced conversion / allocation process. The key practical point remains the same: investors should not wait until the last moment. Document collection and custody-chain analysis may take time, especially where foreign brokers or custodians are involved.
Watch the video on YouTube.
📨 Question…
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3 Jun 2026, 15:26 UTC139 views6 reactionsread 9 August 2026 Photo
OZON ADR conversion:
Register-Proton letters to brokers
We now have practical confirmation that brokers / custodians receive letters from Register-Proton in connection with OZON ADR forced conversion applications. The letters are sent by regular post, in Russian, with an English translation attached.
In forced conversion procedures, registrars may contact participants of the custody chain to inform them about the a…
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