Trading in shares of Tinkoff’s parent company, TKS Holding, on the Moscow Stock Exchange will begin on March 18, the platform announced. In February, the exchange stopped trading TCS Group receipts due to the company’s “move” from Cyprus to Russian jurisdiction.
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Depositary receipt holders of TCS Group received shares of TCS Holding automatically. The values will remain at the first level, commercial code: TCSG.
- TCS Group first thought about changing jurisdiction in March last year, a month after it was placed on the EU sanctions list.
- In January of this year the redomiciliation was approved by the company’s shareholders. Against the background of the news about the change of jurisdiction, shares of the TCS group on the Moscow Stock Exchange fell by 4.1%.
- On February 8, 2024, the Bank of Russia decided to register the issuance of ordinary shares of MCPAO TKS Holding, which were listed on the Moscow Stock Exchange.
Author:
Natalia Gormaleva
Source: RB
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