Ozon Forced Conversion: Registrar Announces Final Fee Structure
On 18 November 2025, JSC Register-Proton, the registrar appointed to conduct the forced conversion of Ozon depositary receipts into shares of Ozon Holdings PLC, published its updated fee schedule. The tariffs will come into force on 2 December 2025.
One of the key elements of the updated schedule is the registrar’s fee for processing forced-conversion applications. The cost is determined strictly in accordance with paragraph 1.3 of the tariff and applies uniformly to all applicants.
Fee Structure for Forced Conversion
Under the published tariff, the fee for processing a forced-conversion application is calculated as follows:
1 RUB per DR/share
Minimum fee: 5,000 RUB,
Maximum fee: 1,200,000 RUB.
This amount covers the full cycle of registrar actions required for mandatory conversion, including the recording of debits and credits on the shareholder’s account.
Application and Crediting Timeline
The forced-conversion window is strictly fixed by law and cannot be extended:
Start of applications: 1 December 2025
End of applications: 31 March 2026 (120 days)
Share crediting period: 1 April 2026 → 14 May 2026
All applications submitted within the 120-day statutory window must be processed by the registrar in accordance with Decree No. 1207 and applicable regulatory procedures.
Further Assistance
MAGENTA Legal continues to monitor all regulatory developments related to the Ozon forced conversion and will provide additional guidance once the registrar publishes the complete package of procedural documents (including application forms and identification requirements).
For operational updates, follow our new Telegram Channel dedicated to forced conversions.
If you have individual questions or require legal support, our Telegram Bot is available for direct assistance.
You can also reach our team via the contact form on our Website.
Disclaimer
This publication shall not be construed as comprehensive legal advice; it is intended to provide only general information. Any obligations of the consultant shall be valid only after the conclusion of a consultancy agreement and actual payment of the underlying fees. MAGENTA Legal does not accept any liability (direct or indirect) in the event that the application is rejected or shares are not received — except in cases of proven intentional misconduct on our part. We do not guarantee the outcome of the forced-conversion process, and the procedure may be modified or suspended by issuers or institutions at any time. Should that occur, we will use reasonable efforts within the scope of the mandate and agreed budget, but we are not obliged to pursue appeals or litigation in the event of rejection.