The retailer will delist its global depositary receipts from the London Stock Exchange from August 19, Prime writes about this, citing the company’s press service.
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Fix Price will remove receipts from the London Stock Exchange
The company stated that within a month it will cancel the admission to trading of receipts (GDR) on the designated market. The company conducted an analysis and came to the conclusion that this should be done taking into account the suspension of trading of GDR on the London Stock Exchange in March 2022, because there are no signs of its resumption in the near future. Therefore, the decision taken at Fix Price was clear.
“Maintaining this share price is not a strategic priority for the company,” the press service said.
The current list of RDAs will be maintained on the Astana International Stock Exchange. Fix Price receipts are also available on the Moscow Stock Exchange.
Please note that Fix Price was founded 17 years ago and now operates not only in Russia, but also in Belarus, Kazakhstan, Latvia, Uzbekistan, Georgia, Kyrgyzstan, Mongolia and Armenia. Last year, the company’s net profit increased by 70%, reaching almost 36 billion rubles.
We previously wrote that Fix Price completed the re-domiciliation from Cyprus to Kazakhstan and the network received registration in the Astana International Financial Center.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
