MD Medical Group IPJSC is registered in Russia - News — Group of companies "Mother and child"

MD Medical Group (“MD Medical” “MDMG,” the “Group” or the “Company” – MOEX: MDMG), a leading Russian private healthcare provider, informs that on 28 May 2024 the Company has finalized its state registration in the Special Administrative Region (“SAR”) on Oktyabrsky Island in Russia's Kaliningrad Region as an International Public Joint-Stock Company MD Medical Group Investments (the short name: MD Medical Group IPJSC, hereinafter referred to as “IPJSC”).  The process is regulated by the Federal Law "On International Companies".

After the IPJSC is registered in the Russian Federation 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 automatic conversion of GDRs into the IPJSC shares will start. The automatic conversion process may take up to 15 business days from the date of state registration of IPJSC. GDR holders entitled to participate in the conversion are determined as of the date of state registration of IPJSC, i.e. 28 May 2024.

Trading in the IPJSC shares will resume on the Moscow Exchange after completion of the automatic conversion of GDRs into the IPJSC shares.

The Company’s register holder (registrar) is Interregional Registration Centre ("IRC").

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. 

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