Xtellus Capital Facilitates the Termination and Divestment of Depositary Receipt Programs for PJSC Mobile TeleSystems (MTS) and PJSC Novorossiysk Commercial Sea Port (NCSP)
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Xtellus Capital Facilitates the Termination and Divestment of Depositary Receipt Programs for PJSC Mobile TeleSystems (MTS) and PJSC Novorossiysk Commercial Sea Port (NCSP)
April 15, 2026 – New York / London
Divestment Returns Capital to U.S. Investors
Xtellus Capital today announced its role in facilitating the divestment of shares held in trust by JPMorgan Chase N.A. relating to depositary receipt programs previously sponsored by MTS and NCSP.
The divestment supports the return of restricted capital to U.S. investors. The transactions mark the completion of the termination processes for the respective depositary receipt programs, with the underlying securities sold to a non-sanctioned purchaser in accordance with applicable legal and regulatory frameworks.
“These transactions demanded careful coordination across legal, regulatory, and market stakeholders. At Xtellus, our focus is delivering solutions in situations where conventional market mechanisms are constrained,” said Paul Swigart, CEO, Xtellus.
About Xtellus Capital
Xtellus Capital is a specialist US-based investment firm and a subsidiary of Xtellus Partners, Inc. a global financial advisory and investment group dedicated to solving complex financial challenges and unlocking growth potential in overlooked markets. With expertise in global markets, capital markets & advisory, securities trading, ventures, asset management, and commodities trading, Xtellus provides both capital and strategic insight to drive long-term success. The firm has offices in New York, Miami, London, Switzerland, Colombia, and Cyprus.
Media Contact
Mitch Stoller
Xtellus Capital
1-917-583-5788
mitch@literateai.com