OREANDA-NEWS VK Internet holding announced that it has completed the procedure of delisting GDR and Eurobonds on the London Stock Exchange (LSE).

In the company's message, the decision to delist is explained by the presence of most of VK's assets in Russia and the company's intention to redomicile from the British Virgin Islands to Russia, the inability to disclose regulatory news on the LSE, as well as the actual suspension by the London Stock Exchange of trading in GDRs and bonds of the company from March 3, 2022.

The company plans to keep its listing on the Moscow Stock Exchange.

In August, VK's shareholders and board of directors approved delisting with LSE and redomiciling the company with BVI to a special administrative region on Oktyabrsky Island (Kaliningrad Region).

After state registration in Russia, VK will become an international company public joint stock company "VK" (MKPAO "VK").

VK shares have been traded on the LSE since November 5, 2010, and on the Mosbirge, trading has been carried out since July 2, 2020.

The largest shareholder of VK is MF Technologies JSC, which owns 57.3% of the votes of the Internet holding (4.8% is the economic share). The co-owners of the ITF are SOGAZ and Gazprom-Media Holding (they each own 45% of the ITF); Rostec has another 10% of the ITF.

In addition, VK's shareholder is the Singularity Lab company owned by its management, which received shares from the Naspers - Prosus structure (25.7% economic and 12.3% voting share as of December 31, 2021). Chinese Alibaba Group (9.5% and 4.5%) and Tencent (7% and 3.3%) are also shareholders.

The remaining shares are in free circulation.