Yandex has received notice that the NASDAQ exchange plans to delist the securities of a number of companies doing business in Russia, including Yandex’s Class A shares. Web site companies will file an appeal to Yandex NASDAQ in the near future.
The report emphasizes that regardless of NASDAQ’s final decision, Yandex securities will continue to be traded on the Moscow Stock Exchange. Nothing will change for investors and trading will continue as usual.
In addition, it is noted that possible delisting will not affect the company’s operations. All services will operate as before, and settlements with partners will be completed on time and in full.
Formerly Yandex Corporation translated shifts its employees to a hybrid working mode with the ability to work in foreign centers.
The message states that employees can now work from the office two to three days a week, and on other days they must be connected to work from a computer from anywhere. However, in some cases remote mode will be available.