Moscow Exchange will begin trading in VK shares on October 20

Moscow Exchange On October 20, it will begin trading VK ordinary shares under the ticker VKCO. About it reports press service of the trading platform.

September 26 VK completed redomiciliation from the British Virgin Islands to Russia. The company was included in the register under the name international company public joint-stock company “VK” (MKPAO “VK”). After redomiciliation, VK receipts accounted for within the national settlement depository were automatically converted into shares of MKPAO VK.

Due to the completion of the securities conversion following issuer redomiciliation, all settlement codes permitted for that type of security will be available. In connection with the conversion of the Moscow Exchange limited settlement codes from September 12, and from September 21, trading in VK global depositary receipts (GDRs) was suspended. September 18 was the last trading day in T+1 mode.

After the announcement of the suspension of trading on September 11, VK quotes on the Moscow Exchange reacted with a fall. The price of securities that day decreased by 8.36% to a daily minimum of 657.6 rubles. September 12 VK spent delisting and ceased trading of GDRs on the London Stock Exchange.

The largest shareholder of VK is MF Technologies (57.3% of votes, 4.8% economic share), co-owned by “Sogaz“(45%) and “Gazprom-Media Holding” (45%), “Rostec” (10%).

In addition, VK’s shareholder is the Singularity Lab company owned by its management (25.7% economic and 12.3% voting share as of December 31, 2021). VK shares are also owned by the Chinese Alibaba Group (9.5% and 4.5%) and Tencent (7% and 3.3%). The remaining papers are in free circulation.

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