Trading in Yandex shares on Moscow Exchange to begin on July 24

MOSCOW. July 8 (Interfax) - Trading in the shares of IPJSC Yandex under the YDEX ticker is scheduled to launch on the Moscow Exchange on July 24, 2024, the company said.

The launch of trading was previously scheduled for July 10.

According to the statement, there are plans to complete by July 24 all the necessary settlements on exchange and over-the-counter applications for the exchange of shares as part of the offer from the Consortium.First closed-end mutual fund, which is the majority shareholder in IPJSC Yandex.

The company notes that technical trading in IPJSC Yandex shares on the Moscow Exchange will start on July 8, as planned. This will allow for a stock exchange, according to the memorandum from Consortium.First. The shares of IPJSC Yandex will be transferred to the brokerage accounts of investors on July 9, 2024.

Yandex's securities were listed on the Moscow Exchange in April 2024. They will be included in the Tier Two listing, according to the statement.