GDR FAQs

What is a GDR?

A global depositary receipt (GDR) is a financial instrument used to raise dollar-denominated capital, either in the US or European private markets.

For more information please see JPMorgan’s Glossary: link to https://www.adr.com/Education/Glossary?search=G

What is the number of ordinary shares issued and what is the nominal value of each share?

IGSS’ issued share capital consists of 20,833,400 shares with a nominal value of US$0.01 per share.
Click here to learn more about IGSS’ shareholder capital http://www.igseis.com/investor-relations/shareholders-structure.

Where are IGSS’ GDRs listed?

The GDR’s of IGSS are listed on the ‘Main Market’ of the London Stock Exchange (LSE) in the form of Global Depository Receipts (GDRs).

London Stock Exchange PLC
10 Paternoster Square, London EC4M 7LS, UK
Phone: +44 20 7797 1000
Website: http://www.londonstockexchange.com

What is the currency of IGSS’ depository receipts?

The currency of IGSS’ depository receipts is US dollars (USD).

What is the DR ticker symbol?

London Stock Exchange: IGSS
Reuters: IGSSq.L
Bloomberg: IGSS LI

What is the the ratio of a DR to an ordinary share?

Each IGSS GDR represents two IGSS ordinary shares.

How large is the free-float of IGSS?

As of 16 April 2014, the free float of IGSS amounted to approximately 24.4% of the issued share capital. The JP Morgan Chase Bank is the depositary bank for the GDR programme of IGSS.

Click here to learn more about IGSS’ shareholder capital http://www.igseis.com/investor-relations/shareholders-structure.

Who is the depository of IGSS’ DRs?

The depositary of IGSS’ DRs is JP Morgan Chase Bank
JPMorgan Chase Bank, N.A.
1 Chase Manhattan
New York
New York 10005

Phone for domestic callers: (495) 967 7113
Phone for international callers: +7 (495) 967 7113
E-mail: danny.m.khoussainov@jpmorgan.com
Website: www.adr.com

Who is the auditor of IGSS?

The independent auditor of IGSS is PricewaterhouseCoopers.

How can I buy (sell) IGSS’ GDRs?

DRs can be bought and sold through professional equity market players, such as brokerage companies or banks. At the shareholder’s request, they will take all the necessary actions.

What are the benefits of holding GDRs?

DRs allow investors to diversify their portfolio with foreign securities. In addition, DRs trade, clear and settle in accordance with UK market regulations and permit prompt dividend payments and corporate action notification. Since IGSS DRs are exchange-listed, investors will benefit from readily available price and trading information.

Furthermore, GDRs can be conveniently traded in US dollars and settled through established clearing houses. Finally, GDRs will be the only publicly listed and traded equity instrument of IGSS.

Do ISSG GDR holders have a legal interest in the company’s underlying shares?

GDR holders have no legal interest in the underlying shares. Furthermore, there may be limitations on voting for GDR holders.

Does IGSS pay a dividend?

We do not have a formally approved dividend policy and have not declared or paid dividends in the past.

IGSS do not expect to pay any in the medium-term. However, we may consider doing so in the long-term.

What are the rights attached to issued and outstanding shares?

  • Shareholders have a right of pre-emption in respect of any new issuance of shares or securities convertible into shares – unless this right is disapplied by the shareholders in a general meeting.
  • Shareholders present in person or by proxy at a general meeting will have one vote. On poll, each shareholder will have one vote for each share held.
  • Shareholders will receive any dividends or distribution declared in a general meeting and may participate in the distribution of assets in the event of liquidation shareholders may freely transfer their shares without the consent of any other shareholder.

Can I vote at the General Meeting?

As a DR holder on the record date, you will have the sole right to vote the equivalent number of underlying shares as represented by your IGSS DR holdings. You will receive your proxy card and other relevant documentation through your usual intermediary.

Where can I download the IGSS listing prospectus?

Copies of the prospectus are available for inspection at www.hemscott.com/nsm.do.

Copies of the prospectus are also available in electronic form on the Company's website at www.igseis.com/en/investor-relations/corporate-actions and at the registered office of the Company at:

Arch. Makariou III, 2-4

Capital Center, 9th floor

Nicosia 1065

Republic of Cyprus

What are the contacts for IGSS’ Investor Relations team?


 +7 495 580 7882 
query@igseis.com