REG - ZAIM Credit Systems - Statement on current situation in Russia

Adalan VenturesAnnouncement

08/03/2022 07:00

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RNS Number : 9353D  ZAIM Credit Systems PLC  08 March 2022

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the United States or to or for the account or benefit of persons in the United
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sale would violate the relevant securities laws of such jurisdiction

 

For Immediate Release

8 March 2022

 

Zaim Credit Systems Plc

("Zaim" or together with its subsidiary the "Group")
 

Statement on current situation in Russia

 

 

Zaim Credit Systems plc ("Zaim"), the Russia focused fintech group, announces
a statement regarding the current situation in Russia and Ukraine in respect
of its wholly owned subsidiary, Zaim-Express LLC, ("Zaim-Express").
Zaim-Express' principal activity is the issuance of microloans online via its
web-site and mobile application and through a network of its branches in
Moscow and the Moscow Region.

As a UK-listed entity, Zaim is currently complying with all UK, US & EU
sanctions and will monitor the situation to ensure it continues to do so
should they change in what is a rapidly evolving situation. It is important to
note that:-

·    Zaim is a holding company incorporated in England and Wales

·    Zaim is majority owned by European shareholders - a list of those
holding more than 3% of the Company's shares is available on the company
website

·    Zaim itself has no relationships with any Russian banks

·    Zaim is accelerating its work to expand into other European countries
and is actively undertaking an assessment of jurisdictions in which to deploy
its technology

·    The business of Zaim Express operates solely within Russia and
therefore is not affected by international restrictions on using the SWIFT
international payment system.

 

Zaim Express and its systems are working as normal and it continues to serve
its clients in the normal course of business with as yet no significant
deviation in business performance. Zaim will provide a trading update in
respect of Q4 2021 in due course.

 

Follow us on Twitter - @ZaimcreditSyst

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Enquiries:

 Zaim Credit Systems Plc
 Simon Retter

 Siro Cicconi                        Tel: +44 (0) 73 9377 9849
 Alex Boreyko                        Tel: +7 925 708 98 16

                                     investors@zaimcreditsystemsplc.com

 Investor Relations: Flowcomms Ltd
 Sasha Sethi                         Tel: +44 (0)7891 677441

                                     sasha@flowcomms.com (mailto:sasha@flowcomms.com)

 Adviser: Beaumont Cornish Limited
 Roland Cornish / James Biddle       Tel: +44 (0) 20 7628 3396

 Optiva Securities Limited
 Jeremy King / Vishal Balasingham    Tel: +44 (0) 20 3137 1902

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic
Law by virtue of the European Union (Withdrawal) Act 2018.

 

 

 

 

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