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PIK Group withdraws from London Exchange

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PIK Group withdraws from London Exchange

PIK Group of Companies intends to cancel the listing of global depository receipts on London Exchange, and also withdraw from it, consolidating shares on the Moscow exchange, the company’s statement reads.

“The first major step in the strategy’s implementation will be consolidation of PIK share trading on the Moscow stock exchange with the aim of increasing liquidity. For this purpose, in accordance with the decision of the Board of Directors of March 10, 2017, the company intends to cancel the listing of global depositary receipts on the London stock exchange by means of the exclusion from the UK official list of financial services’ management and the termination of trading in the standard segment”, - the message says.

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