The Moscow Stock Exchange will start trading in X5 Group shares on November 9, the press service of the trading platform reported. The company’s securities will be included in the first level of listing.
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The issue will include 271.57 million ordinary shares of PJSC “Corporate Center ICS 5” with a par value of 1,164 rubles.
“Information on the assigned trading code will be published additionally,” the Moscow Stock Exchange added.
In April, the Moscow Stock Exchange suspended trading in depositary receipts of the Dutch retail group X5 in connection with the company’s new registration in Russia. The company plans to complete the redomiciliation by the end of 2024, Polina Ugryumova, head of corporate finance and investor relations at X5 Group, previously said.
In March, the Russian government included LLC Corporate Center ICS 5 (now PJSC) in the list of economically important organizations. This allowed the Ministry of Industry and Trade to initiate proceedings in the Moscow Region Arbitration Court, as a result of which the X5 Group lost its corporate rights in the Russian subsidiary.
X5 Group is a Russian food retail company. Manages the Pyaterochka, Perekrestok, Chizhik, Victoria, Krasny Yar and Slata retail chains.
Author:
Kirill Bilyk
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.
