Yandex received a delisting notice from NASDAQ and plans to challenge the decision

Mar 15 (Reuters) – Yandex:

* The New York Stock Exchange (NASDAQ) decided to delist a number of companies operating in Russia, including Class A shares of Yandex

*Yandex received delisting notice on Wednesday, March 15

* The company will soon file an appeal with the NASDAQ

* Regardless of NASDAQ’s final decision, Yandex’s securities will continue to be traded on the Moscow Stock Exchange, and Yandex will continue to disclose financial and operational results in accordance with international standards for public companies

* Trading of Yandex shares on NASDAQ was suspended on February 28, 2022 and has not resumed since (Moscow office)