Cian Announces Submission of Appeal to NYSE Delisting Determination
Cian PLC (NYSE: CIAN) has requested a review from the NYSE Committee regarding the delisting of its American depositary shares (ADSs) following a notice received on March 15, 2023. The review is set to occur 25 days post-request, with the delisting temporarily on hold. Cian asserts its compliance with NYSE listing criteria and reporting obligations. Despite the suspension of its securities trading since February 28, 2022, Cian's ADSs continue to trade on the Moscow Exchange. The company ranks among the top twelve global online real estate platforms, boasting 2 million listings and a monthly audience exceeding 18 million as of Q3 2022.
- Cian maintains compliance with NYSE listing criteria.
- The company's ADSs continue trading on the Moscow Exchange.
- Cian ranks among the top twelve global online real estate classifieds platforms.
- Cian received a delisting notice from NYSE.
- The trading of ADSs has been suspended since February 28, 2022.
LARNACA,
Pursuant to Section 804.00 of the NYSE Listed Company Manual, the review by the Committee will generally be scheduled for a date that is at least 25 days from the date of the request for review. The delisting of the Company’s securities will be stayed pending the conclusion of the review process, while the trading suspension that was implemented on
We believe that the Company has been and remains in full compliance with all applicable reporting obligations and qualitative and quantitative listing criteria of the NYSE and has met all additional requests for disclosure by the NYSE since the suspension of trading on
The trading of the Company’s ADSs on the Moscow Exchange is unaffected and continues as usual.
About Cian
Cian is a leading online real estate classifieds platform in the large, underpenetrated and growing Russian real estate classifieds market, with a strong presence across
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the delisting of our ADSs from NYSE and our appeal to the NYSE Committee, as well as statements that include the words “believe,” “expect,” “intend,” may,” “plan,” “project,” “will,” and other words and terms of similar meaning or the negative thereof. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: the negative impact of the ongoing military actions between
Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
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Investor contacts:
ir@cian.ru
Media contacts:
Olga Podoliaka
po@cian.ru
Source:
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