Okay Global Depositary Receipts to be Listed on AIX Kazakhstan Exchange on March 20
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Global Depositary Receipts (GDR) of the retailer “OK” will be traded on the Kazakhstan stock exchange Astana international exchange (AIX). Bidding will start on March 20th. This is stated in message on the retailer’s website.
“We are grateful to Astana international exchange for assistance in placing our depositary receipts. This move is aimed at further increasing the liquidity of our shares and diversifying our investor base,” said Okay Group CEO Armin Burger.
After the news about the admission to the stock exchange of Kazakhstan, the retailer’s papers on the Mosbirzhe grew up by 12%. Quotes rose by 11.93% – up to 29 rubles. for paper at the maximum. By 15:12 Moscow time, growth slowed down to 7.87% – 27.95 rubles.
At the same time, Okay will retain its primary listing on the London Stock Exchange and the secondary listing on the Moscow Exchange. The London Stock Exchange suspended trading in Okay GDRs in March 2022.
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