Investors will start to receive shares of Russian companies as a result of automatic conversion of receipts from August 25, if the process was initiated in due time. Sistema was the only company to ask the government for permission not to carry out automatic conversion. Dates of list of holders of receipts on which the conversion date depends, as well as the list of issuers who initiated the auto-conversion process, are available on NSD's website in the Notices to Clients section.