Yandex commented on the possible delisting of shares from the NASDAQ stock exchange

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Yandex commented on the possible delisting of shares from the NASDAQ stock exchange

Yandex commented on the possible delisting of shares from the NASDAQ stock exchange – RIA Novosti, 03/15/2023

Yandex commented on the possible delisting of shares from the NASDAQ stock exchange

A possible delisting will not affect Yandex operations, all services will work as before, regardless of the final decision of NASDAQ… RIA Novosti, 03/15/2023

2023-03-15T23:51

2023-03-15T23:51

2023-03-15T23:51

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MOSCOW, March 15 – RIA Novosti. A possible delisting will not affect Yandex’s operations, all services will work as before, regardless of the final decision of NASDAQ, the company’s securities will continue to be traded on the Moscow Stock Exchange, the company said. “A possible delisting will not affect Yandex’s operations. All services will continue to operate as before, and settlements with partners will continue to be completed on time and in full. All partner support programs previously announced will remain in effect,” the statement said. It should be noted that “regardless of the final decision of NASDAQ, Yandex securities will continue to be traded on the Moscow Stock Exchange.” “Nothing will change for investors, trading will continue as usual,” the message added. Earlier Wednesday, the NASDAQ stock exchange decided to delist the securities of a number of companies doing business in Russia, including class A shares of Yandex. The company received the relevant notice on Wednesday, March 15. The company will soon file an appeal with NASDAQ. In May 2011, Yandex NV placed shares on the American stock exchange NASDAQ, and three years later, in June 2014, the company’s papers began to be traded on the Moscow Stock Exchange. Trading in the company’s shares on NASDAQ was suspended on February 28, 2022 due to a special military operation in Ukraine, along with other securities of issuers with primary business in Russia. There was also a suspension on the Moscow Stock Exchange, but it ended at the end of March.

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Yandex commented on the possible delisting of shares from the NASDAQ stock exchange