MD Medical completes the procedure for changing the GDR program depositary
8 August 2023 – MD Medical Group Investments Plc (“MD Medical Group,” “MDMG,” the “Group” or the “Company” – MOEX: MDMG), a leading Russian private healthcare provider, announces the completion of the procedure for changing the depositary bank that administers the Company’s Global Depositary Receipts (the “GDR”) program.
The new depositary for the Company’s GDR program is RCS Issuer Services S.AR.L. with the relevant agreement effective as of 8 August 2023. Previously, the Company's depositary was JPMorgan Chase Bank, N.A.
Holders of MDMG’s GDRs are not required to take any additional actions in connection with the change of the depositary.
For more information on the new depositary, please visit www.rcsgroup.lu.
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About MD Medical Group
MD Medical Group is a leading provider in the Russian private healthcare service market. The Company manages 49 modern healthcare facilities, including 10 hospitals and 39 out-patient clinics in 26 regions of Russia. In 2022, MD Medical Group's revenue amounted to RUB 25.2 bln while EBITDA amounted to RUB 7.9 bln. The Company's GDRs are traded on Moscow Exchange (MOEX: MDMG).