Ozon appeals NASDAQ stock delisting decision
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Ozon filed an appeal against the decision of the NASDAQ exchange to delist the company’s securities, reported in the press office. The complaint was registered on March 21.
The hearing in the case will be held by a special commission to appeal the decisions of the exchange, Ozon said. The company also emphasized that until the decision of the commission, the delisting actions will be suspended. The deadline for holding a hearing is 45 days from the date of the request.
Representatives of the company added that Ozon intends to remain a public company and maintain a listing on the Moscow Exchange. “In any case, the decision to delist does not affect the company’s operations and does not violate its financial stability,” Ozon said.
On NASDAQ plans to delist securities of a number of Russian companies (Yandex, Ozon, Qiwi, HeadHunter) became known March 15th. On the eve of the decision of the exchange appealed “Yandex” And Qiwi.
Read more about the delisting of Russian shares in the material “Kommersant FM” “The shares were asked to exit”.
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