Media Room
10 Apr 2020
BCS Global Markets and UBS will act as dealer managers with respect to TMK's voluntary tender offer

PAO "TMK" (LSE: TMKS; MOEX: TRMK), one of the world's leading producers of tubular products for the oil and gas industry ("TMK" or the "Company"), has announced plans to delist from the London Stock Exchange. Earlier, TMK's Board of Directors approved the cancellation of the listing of its global depositary receipts on the London Stock Exchange, to be carried out following the completion of the buyback of TMK's ordinary shares.

TMK has announced a voluntary tender offer for its shareholders with a 31% premium to the closing price per ordinary share of the Company on the Moscow Exchange on 7 April 2020.