The chain of fixed price stores Fix Price announced plans to delist global depositary receipts (GDRs) from the London Stock Exchange (LSE) from August 19, 2024, writes Prime .
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“Fix Price announces its intention to delist the Company's Global Depositary Receipts (GDRs) and cancel the GDRs' admission to trading on the main market of the London Stock Exchange (LSE) with effect from 19 August 2024. The Company has assessed the feasibility of maintaining the listing of the GDRs on the LSE and, taking into account the suspension of trading of the GDRs on the LSE since 3 March 2022 with no indication of their resumption in the foreseeable future, has decided that maintaining such a listing is not a strategic priority for the Company ", the network said in a press release .
It is known that Fix Price also plans to maintain the current listing of the GDRs on the Astana International Exchange. In addition, the network's receipts are traded on the Moscow Exchange.
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