The Moscow Exchange will limit settlements on Polymetal shares from July 20, 2023 due to the upcoming re-registration of the company, TASS reports.
Starting July 29, settlements will be stopped and will open only after a corporate action has taken place, the exchange said.
"From July 20 to July 27, 2023, the only valid settlement codes are those with the expected execution of no later than July 27, 2023," the exchange said in a statement.
The exchange noted that share trading will resume as soon as the relevant corporate action is taken.
Earlier, at a corporate shareholders meeting Polymetal made a decision to relocate its headquarters from the Jersey Island to the Astana International Financial Center (AIFC) in Kazakhstan. As a result of the re-registration, the main listing of the company will move from the LSE to the Astana International Exchange.
