On December 27, Ozon shareholders will consider the issue of moving the company from Cyprus to the Russian Federation. Participating companies will vote on the issue of registration of a company in a special administrative region on Oktyabrsky Island, Kaliningrad Region. This is stated in the company’s message.
Author:
https://rb.ru/author/strukova/
Subscribe to RB.RU on Telegram
Ozon is planned to become MKPAO Ozon. Currently, the Russian legal entity of the company is Internet Solutions LLC.
Ozon analyzed different options for sustainable development in the current geopolitical, economic and regulatory environment and decided to become ICPAO.
“We come to the conclusion that the redomiciliation scenario fully responds to the interests of the company and its partners. “Redomiciliation will help increase securities liquidity for investors and reduce regulatory risks in the key market,” the company said in a statement.
The redomilation will allow the resumption of the options program to stimulate and retain employees, and will also simplify intragroup transactions, the company explained.
The situation will not in any way affect the stability of Ozon’s operational activities to process and deliver orders.
After the start of the military operation, the redomilation was carried out by VK (of the British Virgin Islands).
Redomiciliation is the re-registration of a company in another country maintaining its legal form, structure, assets, liabilities, bank accounts, etc.
The owner of Internet Solutions LLC is not disclosed. As of March 31, according to Kontur.Focus, 98% of the company belonged to Ozon Holding LLC, owned by Cypriot Ozon Holdings Pielsi.
Author:
Ekaterina Strukova
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.
