According to Fix Price, a Russian retail chain with fixed prices that redomiciled to the Astana International Financial Center (AIFC) last month, it has completed the process of delisting its global depositary receipts (GDRs) from the London Stock Exchange (LSE).
The company has delisted its GDRs from the Financial Conduct Authority’s (FCA) standard listing segment and stopped trading on the LSE’s main market. Each GDR represents a company share with a nominal value of €0.0000374.
In mid-July, Fix Price explained its decision to delist its GDRs from the LSE by stating that there was no rationale for keeping them...