After re-registration in Russia, TCS Group will retain its listing only on the Moscow Exchange
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TCS Group (the parent structure of Tinkoff Bank (MOEX: TCSG)) after re-registration from Cyprus to the Russian special administrative region on Russky Island, plans to maintain the listing of global depositary receipts only on the Moscow Exchange (MOEX: MOEX).
“One of the results of the redomiciliation will be the listing of TKS Holding shares on the Moscow Exchange. The company does not plan to list GDRs or shares on other alternative exchanges,” the statement says. materials companies.
Global depositary receipts of TCS Group currently have a primary listing on the London Stock Exchange (LSE) and a secondary listing on the Moscow Exchange. The listing on the LSE, as reported by TCS Group, will be terminated on January 31. At the same time, trading in the company’s global depositary receipts on the LSE has been effectively suspended since March 2022.
The final decision on redomiciliation with the replacement of Cyprus by Russia shareholders of TCS Group accepted January 15. TCS Group will be named “International Company Public Joint Stock Company ”TCS Holding”.” Re-registration may be completed by the end of the first quarter of 2024, said Chairman of Tinkoff Bank Stanislav Bliznyuk.
About changes in the company’s charter – in the material “Kommersant” “Troika for TCS Group”.
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