Global Ports completes delisting from London Stock Exchange

MOSCOW. April 11 (Interfax) - Global Ports Investments PLC has delisted its global depositary receipts (GDR) from the London Stock Exchange (LSE), the company said in a statement.

"Access of the company's GDRs to trading on the LSE's main market for listed securities has been revoked as of 08:00 (London time) on April 11, 2023," the statement said.

The company had previously sent notices to the UK Financial Services Authority announcing the termination of its GDR listing and to the London Stock Exchange to cancel GDR access to trading from April 11, and also notified its GDR depositary, JP Morgan, to terminate its depository agreement effective April 11.

"To allow more holders to cancel GDRs, the company sent a new notice to the depositary of its decision to change the termination date of the depositary agreement to June 12, 2023," Global Ports said Tuesday.

Global Ports announced its intention to delist from the LSE in early February. At the same time, an intention to redomicile the group's corporate structure to Russia was also announced. It was reported that the redomiciliation process could be completed during 2023.