Ozon has begun the procedure for deregistration of securities in the USA – Kommersant
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Ozon (MOEX: OZON) filed Form 15F with the U.S. Securities and Exchange Commission to deregister American Depositary Shares (ADS). As reported press service companies, from today, November 9, suspended reporting obligations according to American standards.
“The company expects that the decision to terminate registration will come into force no later than February 7, 2024,” Ozon added. October 20 company started to the voluntary delisting of ADS from the American stock exchange NASDAQ.
The company explained that the exit from NASDAQ is aimed at “reducing costs” associated with reporting. Delisting, as stated by Ozon representatives, will not affect operations and financial stability. The circulation of Ozon securities will continue on the Moscow Exchange (MOEX: MOEX) and the Astana International Exchange (AIX).
Trading of Ozon shares on NASDAQ was suspended on February 28, 2022. The exchange later notified the company of its intention to delist its securities. Ozon tried to appeal this decision twice, but the appeals were rejected.
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