Cian Announces Filing of Form 15F to Deregister With the U.S. Securities and Exchange Commission
September 20 2023 - 9:51AM
Business Wire
Cian PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading
online real estate classifieds platform in Russia, announces that
it filed a Form 15F with the U.S. Securities and Exchange
Commission (the “SEC”) today with the intention of terminating the
registration of its ordinary shares (the “Ordinary Shares”) and
American Depositary Shares (the “ADSs”), each representing one
Ordinary Share, and its reporting obligations under Sections 13(a)
and Section 15(d) of the U.S. Securities Exchange Act of 1934, as
amended (the “Exchange Act”). Following the filing of the Form 15F
with the SEC, all the Company’s reporting obligations under the
Exchange Act will be suspended unless the Form 15F is subsequently
withdrawn or denied.
Deregistration with the SEC and termination of the Company’s
reporting obligations under the Exchange Act (collectively, the
“Deregistration”) are expected to become effective 90 days after
its filing of Form 15F with the SEC (“Form 15 Effective Date”).
Once the Form 15F is filed and before the Form 15F Effective Date,
the Company will publish the information required under Rule
12g3‑2(b) of the Exchange Act on its website,
https://ir.ciangroup.ru/. Notwithstanding the Deregistration, the
Company currently intends to continue disclosing financial
information on a regular basis subject to applicable laws and
regulations.
The Company decided to proceed with the Deregistration following
the affirmative decision by a Committee of the Board of Directors
of the New York Stock Exchange to delist the Company’s ADSs from
the New York Stock Exchange (the “Delisting”), as previously
disclosed in the Company’s press release published on July 24,
2023. The Delisting became effective on July 31, 2023.
The Company intends to maintain its ADS program and the
corresponding deposit agreement following the Delisting and
Deregistration, and the trading of the Company’s ADSs on the Moscow
Exchange is unaffected and continues as usual.
The Delisting and Deregistration do not impact the Company’s
business operations or financial position, and we remain focused on
maintaining business growth. The Company remains committed to
acting in the best interests of all of its stakeholders, including
investors, customers, merchants, our multiple business partners and
employees to the best of its ability.
Neither the Company nor any of its subsidiaries is directly
subject to any sanctions imposed by authorities of the United
States, the United Kingdom, the European Union or other
countries.
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 Russia and leading positions
in the country’s key metropolitan areas. The Company ranks among
the top ten most popular online real estate classifieds globally in
terms of traffic (based on SimilarWeb traffic data for August
2023). Cian’s networked real estate platform connects millions of
real estate buyers and renters to millions of high-quality real
estate listings of all types — residential and commercial, primary
and secondary, urban and suburban. In the first quarter of 2023,
the Company had over 1.9 million listings available through its
platform and monthly audience with an average UMV of 19 million.
Through its technology-driven platform and deep insights into the
Russian real estate market the Company provides an end-to-end
experience for its customers and users and helps them address
multiple pain points on their journey to a new home or place to
work.
Source: Cian PLC
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 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 Russia and
Ukraine, any negative effects of sanctions, export controls and
similar measures targeting Russia as well as other responses to the
military conflict in Ukraine; further potential negative
developments of the COVID-19 pandemic, or other public health
crises, other negative developments in our business or unfavorable
legislative or regulatory development and the other important
factors discussed under the caption “Risk Factors” in Cian’s annual
report on Form 20-F filed with the U.S. Securities and Exchange
Commission (“SEC”) on April 27, 2023 and our other filings with the
SEC as such factors may be updated from time to time.
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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version on businesswire.com: https://www.businesswire.com/news/home/20230920742058/en/
Investor contacts:
Daria Fadeeva ir@cian.ru
Media contacts:
Olga Podoliaka pr@cian.ru
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