REG-VK Company VK’s Board of Directors approves potential re-domiciliation to the Russian Federation

VKAnnouncement

14/02/2023 07:15

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   VK Company (VKCO)
   VK’s Board of Directors approves potential re-domiciliation to the Russian
   Federation

   14-Feb-2023 / 10:00 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EquityStory RS.
   The issuer is solely responsible for the content of this announcement.

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    14 February, 2023 

                               VK COMPANY LIMITED

                                        

   VK’s Board of Directors approves potential re-domiciliation to the Russian
                                   Federation

    

   VK Company Limited  (LSE, MOEX:  VKCO) (“VK” or  “the Company”)  announces
   that on  13 February  2023 the  Board  of Directors  of VK  (“the  Board")
   approved an opportunity  for the Company  to effect a  change of  domicile
   (“re-domiciliation”) from  the  British  Virgin  Islands  (“BVI”)  to  the
   Russian Federation ("Russia"),  subject to the  Company’s ability to  meet
   all the applicable legal and regulatory requirements.

    

   In the current environment, with the vast majority of assets now based and
   generating  revenue  in  Russia,  and  Russian  shareholder  base   having
   increased, re-domiciliation is in  the best interests  of the Company  and
   its  shareholders.  Moving  away  from  offshore  jurisdictions  is   also
   considered to be among the best practices for listed companies. 

    

   The re-domiciliation would result  in VK becoming an International  Public
   Company under the Russian law. VK will be able to continue operating as  a
   legal entity in  Russia, and  the re-domiciliation serves  to support  the
   company's operational efficiency.

    

   VK intends to  maintain its public  company status and  will make  regular
   updates on the progress of re-domiciliation.

    

   For further information please contact:

    

   VK PR team

    1 pr@vk.team

    

   VK IR team

    2 ir@vk.team

    

   VK is one of the largest technology companies in Russia. Its products help
   millions of people with  their day-to-day needs online.  More than 90%  of
   the Russian internet  audience use  VK services, which  enables people  to
   keep in touch, play video games, master new skills, listen to music, watch
   and create video content, buy and  offer goods and services, fulfill  wide
   range of  other needs.  The company  provides a  number of  solutions  for
   digitizing  business  processes,  from  online  promotion  and  predictive
   analytics to  corporate social  networks,  cloud services  and  enterprise
   automation.

    

   The information  contained  in  this Announcement  is  considered  by  the
   company as  insider  information, in  accordance  with the  Regulation  on
   Market Abuse  (Regulation 596/2014/eu),  as  it is  part of  the  domestic
   legislation of the United  Kingdom in accordance  with the European  Union
   Act 2018 as amended.  After the publication  of this announcement  through
   the required disclosure service, this insider information is recognized as
   publicly available.

    

    

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   ISIN:          US5603172082
   Category Code: MSCH
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  222800
   News ID:       1558621


    
   End of Announcement EquityStory RS News Service

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References

   Visible links
   1. mailto:pr@vk.team
   2. mailto:ir@vk.team


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