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. Last Updated: 07/27/2016

PTS Set to Issue ADRs

ST. PETERSBURG -- Russian regional telecom PTS has finished all preparatory work needed to launch foreign-trading Level-one American Depositary Receipts, a spokesman said Friday.

"All the documents are ready," the spokesman for St. Petersburg-based firm said.The company official said U.S. securities regulators had already approved the ADR.

He said the ADRs would each cover one underlying ordinary share, and the Bank of New York would be the depositary bank.