HeadHunter Group PLC Notified of Anticipated Delisting from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market (NDAQ) has notified HeadHunter Group PLC (HHR) of its impending delisting from Nasdaq effective March 24, 2023. This action results from non-compliance with the exchange's listing requirements. Trading of these securities is currently halted and will remain so until any appeal is settled. If delisted, HHR may trade on the over-the-counter market. Nasdaq will file a Form 25 with the SEC to formalize the delisting process, effective ten days post-filing. Investors can find more information about the delisting and trading options in the company's public filings.

Positive

• None.

Negative

• Imminent delisting from Nasdaq effective March 24, 2023, due to non-compliance.
• Trading of HHR securities is currently halted and will remain so until an appeal is resolved.
• Formal delisting process will be initiated with a Form 25 filing with the SEC.

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified HeadHunter Group PLC (Nasdaq: HHR) that its securities will be delisted from the Nasdaq Stock Market LLC on March 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

-NDAQO- 

FAQ

Why is HeadHunter Group PLC (HHR) being delisted from Nasdaq?

HeadHunter Group PLC (HHR) is being delisted due to non-compliance with Nasdaq's listing requirements.

What is the effective date for HeadHunter Group PLC's delisting from Nasdaq?

The delisting of HeadHunter Group PLC (HHR) from Nasdaq is effective March 24, 2023.

What happens to HeadHunter Group PLC's securities after delisting from Nasdaq?

After delisting, HeadHunter Group PLC's securities may be eligible for trading in the over-the-counter market.

What is the status of trading for HeadHunter Group PLC (HHR) securities?

Trading of HeadHunter Group PLC (HHR) securities is currently halted and will remain so until any appeal is resolved.

What steps is Nasdaq taking to delist HeadHunter Group PLC (HHR)?

Nasdaq will file a Form 25 with the SEC to complete the delisting of HeadHunter Group PLC (HHR).