Ozon's move to Russia gains approval from the Cyprus regulatory body.
Ozon Shares Remain Active on Moscow Exchange Following Redomiciliation
Ozon, an e-commerce giant based in Russia, has undergone redomiciliation, moving its legal address from an unspecified jurisdiction to the Kaliningrad region. This process, scheduled to be completed by the end of 2024, does not involve the dissolution of the business in its original country.
The redomiciliation maintains Ozon's structure, organizational-legal form, assets, and liabilities, and upon completion, its shares will start trading on the Moscow Exchange (MOEX) in the first quotation list. The company's Global Depository Receipts (GDRs) will be converted 1:1 into shares of JSC 'Ozon'.
On July 30, 21:00 Moscow time, the price of OZON shares on MOEX stood at 4021 rubles. Despite a daily decrease of -5.63%, Ozon's financial performance has been impressive. The company's gross profit for the first quarter of 2025 increased by 119% compared to the same period last year, reaching 47.2 billion rubles. The net cash flow from operating activities also saw a significant boost, rising by 30.9 billion rubles to reach 32.5 billion rubles.
The redomiciliation has brought about changes in Ozon's shareholder structure. Entrepreneur Alexander Chachava has acquired a 27.7% stake, while AFK Sistema holds a 31.8% stake. The remaining shares remain free-floating.
Despite these changes and geopolitical factors surrounding Russian companies, trading of Ozon shares on MOEX continues under usual conditions. Recent data shows the MOEX index fluctuating slightly, but there are no specific trading interruptions or unusual conditions for Ozon shares.
However, investors are advised to monitor liquidity and volatility closely due to the significant ownership changes in Ozon. As of the end of July 2025, there are no reports of trading restrictions, suspension, or special conditions for Ozon shares related to the redomiciliation to Kaliningrad.
In conclusion, Ozon shares are actively traded on MOEX under normal conditions following their redomiciliation in the Kaliningrad region, with a notable update in shareholder ownership but no specific trading limitations reported.
References: [1] MOEX data, July 2025. [2] Ozon's official announcement, 2024. [3] Financial Times, July 2025. [4] Bloomberg, July 2025.
Business activities surrounding Ozon's shares remain active on the Moscow Exchange (MOEX) following its redomiciliation. Despite a shift in shareholder structure, investing in Ozon provides an opportunity, given the impressive financial performance demonstrated by the e-commerce giant.
