NLMK received permission from the Government Commission to maintain its depositary receipt program on foreign exchanges. Holders of the securities retain the right to convert the receipts into ordinary shares.

NLMK announced a waiver of the six-month moratorium on bankruptcy, which was introduced by the Russian Government on April 1 of this year. The waiver of the moratorium will allow the company to retain the right to pay dividends or conduct a share buyback.

NLMK plans to apply for continued listing of its depositary receipts on the LSE. The decision to retain the listing will be made by a subcommittee of the Russian government commission for the control of foreign investment. The application must be submitted between April 27 and May 5.

NLMK declined to publish its operating results for the first quarter of 2022. The company will disclose this data along with its IFRS report for the first half of this year. Previously, NLMK decided not to publish its Q1 financial statements due to the inability of most investors to deal in the company's securities.