Fix Price confirmed plans to maintain listing on the London Stock Exchange – Kommersant
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Fix Price Retailer (MOEX: FIXP) confirmed plans to maintain global depositary receipts (GDRs) on the London Stock Exchange. On November 9, 2023, shareholders approved the re-registration of the company from Cyprus to Kazakhstan.
“The Company intends to maintain the current program of global depositary receipts (“GDRs”) and the listing of the Group’s GDRs on the London Stock Exchange, Moscow Exchange and Astana International Exchange following the proposed redomiciliation,” the company said in a statement (.pdf).
The material says that Fix Price does not currently plan to repurchase or exchange its GDRs. The company confirmed the development of possible options for paying dividends to all shareholders, taking into account the current regulatory environment.
The company’s plans for redomiciliation became known in October. In February 2022, Fix Price re-registered its business from the British Virgin Islands to Cyprus.
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