O`KEY Group S.A. Announces Delisting of GDRs from London Stock Exchange

O`KEY Group S.A., a top food retailer in Russia, has announced its plan to delist its global depositary receipts (GDRs) from the London Stock Exchange (LSE). The company's Board of Directors approved this decision on May 15, 2024. O`KEY has been a fixture on the LSE's Main Market since 2010, but trading of the GDRs was suspended on March 4, 2022. This move requires the approval of the UK Financial Services Authority (FCA) to cancel the listings under Regulation S and Rule 144A. The final listing day is scheduled for June 17, 2024, with the official delisting taking effect on June 18, 2024 at 8:00 a.m. London time.

Despite the LSE delisting, O`KEY Group's GDRs will continue to be listed on the Moscow Exchange (MOEX) and the Astana International Exchange (AIX), ensuring the GDR programme remains active and operational. The decision supports the group’s ongoing strategic adjustments amidst changing market dynamics.