Yandex says Nasdaq decides against delisting of firmТs shares - Consumer Goods & Retail - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Yandex says Nasdaq decides against delisting of firmТs shares

MOSCOW, Jun 8 (PRIME) -- U.S. stock exchange Nasdaq has satisfied a request of Amsterdam-based Yandex N.V., the parent company of Russian Internet giant Yandex, and will not delist its Class A shares, Yandex N.V. said on Thursday in a statement.

УOn June 6, 2023, Yandex received notification of the Hearings PanelТs decision to grant the request of Yandex to continue its listing on Nasdaq, subject to certain conditions related to the timing and implementation of YandexТs proposed corporate restructuring, including the divestment of ownership and control of a number of our core businesses, including all Russia-based businesses, by the end of 2023,Ф the company said.

Yandex N.V. also said that the trading halt on Nasdaq that was implemented on February 28, 2022 remains in effect. The trading on the Moscow Exchange continues.

The company on March 15 received a written notice from Nasdaq on the intention to delist its Class A shares.


08.06.2023 11:40
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