MD Medical Group infroms the Bank of Russia has registered the share issue of IPJSC - News — Group of companies "Mother and child"

MD Medical Group Investments Plc (“MD Medical Group,” “MDMG,” the “Group” or the “Company” – MOEX: MDMG), a leading Russian private healthcare provider informs about the redomiciliation status. 

Today the Bank of Russia has registered the share issue and prospectus of International Public Joint-Stock Company MD Medical Group Investments (the short name: MD Medical Group IPJSC, hereinafter referred to as “IPJSC”) to take effect from the date of state registration of the international company (part 11 of article 7 of the Federal Law "On International Companies"). Hereinafter the Russian registration authority carries out state registration of IPJSC in the Russian Federation.

After the IPJSC is registered in the Russian Federation, the Russian registrar starts maintaining the IPJSC shareholder register, global depositary receipts ISIN US55279C2008 (“GDRs”) will be exchanged for the IPJSC shares on the list of securities publicly traded on the Moscow Exchange, and measures will be taken to convert GDRs into the IPJSC shares. GDR holders entitled to participate in the conversion are determined as of the date of state registration of IPJSC.

The Moscow Exchange will decide on the procedure and timing for suspending trading in the Company's GDRs. Trading in the IPJSC shares will resume on the Moscow Exchange after completion of the automatic conversion of GDRs into the IPJSC shares, which may take up to 15 business days from the date of state registration of IPJSC.

Answers to the most common questions related to the procedure of conversion of MD Medical's GDRs into IPJSC shares are available in the Company's Q&A:


About MD Medical Group

MD Medical Group is a leading provider in the Russian private healthcare service market. The Company manages 55 modern healthcare facilities, including 11 hospitals and 44 out-patient clinics in 27 regions of Russia. In 2023, MD Medical Group's revenue amounted to RUB 27.6 bln while EBITDA was RUB 9.2 bln. The Company's GDRs are traded on Moscow Exchange (MOEX: MDMG). 

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