KIEV, Dec. 23 – The Bank of New York Mellon Corp. has announced that the bank will terminate the deposit agreement, dated April 7, 1999, between Nyzhniodniprovsky Pipe Rolling Plant (Dnipropetrovsk), the Bank of New York Mellon, as depositary, and owners and holders of American Depositary Receipts (ADRs).

As a result, the existing ADR facility will be terminated effective on March 14, 2016. The bank did not disclose the reason of the facility termination.