“Mother and Child” filed documents for registration in Russia – Kommersant
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The MD Medical group of companies (a network of Mother and Child clinics) has received consent from the Cypriot regulatory authority to continue operating outside the country and has filed documents for registration in a special administrative region (SAR) in Russia. The company will be based on Oktyabrsky Island in the Kaliningrad region.
“The SAR management company reviews the documents received, and also transfers documents to the Bank of Russia for the purpose of registering the issue of shares of MKPAO, including the decision on the issue of shares and the prospectus of shares of MKPAO,” it says. message on the MD Medical website.
The company’s press service clarified that the process will take approximately 35 working days. After registration of MKPAO in Russia under the name “MD Medical Group”, the Russian registrar will begin to maintain a register of shareholders admitted to trading on the Moscow Exchange. The GDRs will be converted into company shares.
At the beginning of April MD Medical reportedthat after re-registration the company will return to paying dividends. MD Medical Managing Director Mark Kurtzer said that they would pay out 50% to 75% of EBITDA for years in which there were no dividends.
More details in the text “Kommersant” “Generosity is not a vice”.
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