On March 24, the American stock exchange NASDAQ intends to delist the shares of Yandex, Ozon, Qiwi, HeadHunter. Companies must appeal the delisting decision.

NASDAQ announces delisting of Yandex, Ozon, Qiwi and HeadHunter shares

The press service of “Yandex” said that soon the company will file an appeal. Ozon is “investigating the appeals process.” According to TASS, Qiwi is studying the document and is preparing an official disclosure.

The press service of the Moscow Stock Exchange noted that trading in shares of Russian companies continues as usual. And “issuers of foreign securities listed on the Moscow Stock Exchange will maintain the current level of listing, as long as they continue to disclose information,” they added.

  • The New York Stock Exchange (NYSE) and Nasdaq suspended trading in shares of Yandex, Ozon and other Russian companies on February 28 due to sanctions. In early March, Yandex and Ozon warned shareholders about the risk of default following the suspension of securities trading.

Author:

karina pardaeva

Source: RB

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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.

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