Global Ports plans to delist from LSE as of April 10

MOSCOW. Feb 10 (Interfax) - Global Ports Investments PLC has applied to the UK Financial Conduct Authority (FCA) in order to delist its global depository receipts, the company said in a statement.

Global Ports also intends to send an application to the London Stock Exchange regarding the delisting of its GDRs from trading as of April 10.

The shareholders of Global Ports Investments PLC, at an extraordinary general meeting on March 2, will consider amendments to the charter, including moving the location of the company, Global Ports said in a statement.

"To implement the procedure for changing the location of the company by re-domiciling from the Republic of Cyprus to the Russian Federation during 2023," according to the agenda for the upcoming shareholder meeting.

Delo Group, which is owned by Sergei Shishkarev and Rosatom state nuclear energy corporation, and is the largest shareholder in Global Ports, is ready "to consider acquiring an additional limited stake" in the company if there is interest on the part of the current holders of the GDRs, Delo Group said in a statement.

"Shareholders not in agreement with Global Ports' plans will have the opportunity to withdraw from the company's share capital," Delo said in its appeal to GDR holders.

The parameters of the possible redemption are not provided in the statement. Interfax has sent a request to Delo.