The American NASDAQ exchange has decided to delist the securities of Russian companies, including Yandex, CIAN, Ozon, Qiwi and HeadHunter, according to the exchange website.
The shares will be delisted from March 24 unless the companies appeal the decision, the NASDAQ said. Trading in all these shares has been suspended since February 28 last year.
The press service of “Yandex” has already reported that the company will file an appeal in the near future. Ozon also noted that the company is “exploring the appeal process.”
As specified in the press service of the Moscow Exchange, trading in securities of Russian companies will continue as usual.
“In accordance with the regulation of the Bank of Russia, issuers of foreign securities listed on the Moscow Exchange will maintain the current level of listing, subject to their continued disclosure of information,” – said the press service of the trading platform.
In April last year, a month and a half after the start of the Russian special operation in Ukraine, the President of the Russian Federation Vladimir Putin signed a law prohibiting the placement and circulation on foreign stock exchanges of depositary receipts for shares of Russian companies. According to the document, Russian companies and banks already trading abroad had to delist and convert the receipts into shares.
