4 Oct 2023 11:54

MD Medical Group files GDR prospectus for primary listing on Moscow Exchange

MOSCOW. Oct 4 (Interfax) - MD Medical Group Investments Plc (MDMG), which runs the Mother and Child chain of clinics, has filed a GDR prospectus with the Central Bank of Russia (CBR) for a primary listing on the Moscow Exchange , the company reported.

"The Company plans to change the listing status on the Moscow Exchange to primary by registering the prospectus of existing GDRs in the Bank of Russia [...] as a part of the procedure for obtaining a decision from the Bank of Russia on the admission of existing GDRs to public circulation in the Russian Federation, in connection with which the Company submitted documents to the Bank of Russia for consideration, the decision of the Bank of Russia will be received within the time limits established by law," MDMG said in a press release.

MDMG secured a primary listing on the main market of the London Stock Exchange in 2012 and its GDRs have also been traded on the main market of the Moscow Exchange since 2020 and are included in its Level One listing.

The listing of MDMG's GDRs on the LSE was cancelled on June 22, 2023 but they continued to trade in Moscow. The company earlier attributed the decision to delist from the LSE to the extended suspension of trading of its GDRs on this exchange.

Holders of MDMG's GDRs are not required to take any additional actions due to the procedure to change the listing status on the Moscow Exchange, the company said. The company's GDRs remain admitted to trading on the regulated market of the Moscow Exchange.