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Russian e-commerce company Ozon on Friday said that businessman Alexander Chachava had acquired a 27.7% stake in the company from Vostok Investments.
Russian e-commerce firm Ozon on Thursday reported a more than 500% jump in full-year core earnings to 40.1 billion roubles ($459.34 million), helped by the improved monetisation of marketplace operations and expansion of its fintech services.
NOT FOR RELEASE, PUBLICATION DISTRIBUTION OR USE, IN WHOLE OR IN PART, BY, IN, INTO FROM OR TO ANY JURISDICTION OR PERSON WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF LAW OR REGULATION Announcement of Invitation to Voluntary Tender to the holders of American depositary shares of USD 0.01 each representing the issued and outstanding ordinary shares in Ozon Holdings PLC, ISIN: US69269L1044 available for settlement through Euroclear Bank SA/NV settlement system ("Shares") THIS INVITATION WILL EXPIRE AT 16:00 UTC ON 22 MAY 2024 ("EXPIRATION TIME"). LIMASSOL, CYPRUS / ACCESSWIRE / April 22, 2024 / Roemer Capital (Europe) Limited (the "Purchaser" or "Roemer Capital") is inviting certain holders of Shares to tender for the sale of up to 4,900,000 units of Shares for cash at a purchase price of USD 31 per 1 Share (the "Purchase Price"), subject to the terms and conditions set out the Invitation to Voluntary Tender Memorandum (the "Memorandum") and template tender instructions (the "Tender Instruction") each available on the designated website https://roemercapital.com/news/ozon (collectively, the "Tender Documents").
Russian e-commerce firm Ozon said on Thursday its American depositary shares (ADS) had been delisted from Nasdaq, bringing its near-three year association with the U.S. exchange to a close.
Russian e-commerce firm Ozon said on Friday it had notified Nasdaq of its intention to delist its American depositary shares (ADSs), ending a near-three association with the U.S. exchange.
Russian online retailer Ozon on Thursday said its 2022 revenue jumped 55% to 277.1 billion roubles ($3.4 billion) but costs related to a major fire a fulfilment centre pushed it to a larger annual loss.
Russian e-commerce firm Ozon said on Wednesday it was appealing the Nasdaq stock exchange's plan to delist its securities and wanted to stand up for the rights of its investors.
Russian e-commerce firm Ozon intends to remain a public company, it said on Thursday, after being informed that the Nasdaq stock exchange planned to delist its securities.
Five Russia-affiliated internet companies are to be formally delisted from U.S. stock exchanges, a year after trading was halted in the wake of Russia's invasion of Ukraine.
Russian online retailer Ozon Holdings said on Monday it was opening an office in Shenzhen in China to boost cross-border sales to Russian shoppers on its platform.
Russian e-commerce firm Ozon said on Thursday it had started selling goods through a parallel imports mechanism on its platform, benefiting from legislation Russia has brought in to try to limit the impact of Western sanctions.
Flagging escalating fears it may default on some corporate debt, Russian e-commerce player Ozon said it has increased its capital expenditure and seen free cash flow turn negative as it seeks to head off supply chain interruptions.
Nasdaq-listed Ozon grew and continues to gain an increasing share of the Russian e-commerce market. Investors liked that – until geopolitics got involved. Now, Allegro seems like an obvious option to replace Ozon in the portfolios of institutional investors.
Ozon Holdings PLC OZON, -8.16% , one of Russia's largest internet companies in Russia, said the halting of its stock by the Nasdaq could lead to a "Delisting Event" under terms of its $570 million, 1.875%, senior unsecured convertible bonds due 2026. Ozon's American depositary shares has been halted by Nasdaq since Feb. 28.
In March 2021 Russian ecommerce giant Ozon Holdings was still basking in a $1 billion Initial Public Offering (IPO), announcing a $750 million bond issue and at the early stage of a year of soaring online sales in Russia.
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Ozon Holdings went public in the U.S. in November 2020, raising $990 million in gross proceeds in an IPO. The firm operates an ecommerce platform for consumers and sellers primarily in Russia.