this is what concerns me, possible suspension9 Mar 2022 16:55
For the purposes of The Russia (Sanctions) (EU Exit) Regulations 2019 (the "Regulations"), the Company does not consider itself to be an entity owned by, or acting on behalf or at the direction of, any persons connected with Russia and thereby caught by such legislation. In relation to certain shareholders of the Company (namely, Mr Roman Abramovich, Mr Alexander Abramov and Mr Alexander Frolov), the Company cannot be certain as to whether such individuals are "connected with Russia" for the purposes of paragraph 16(4D) of the Regulations, but has reached the above view based on the information it has previously been provided with. Nevertheless, the Company can confirm that it has not granted any loans or credits to such individuals after 12:01a.m. on 1 March 2022, nor dealt directly or indirectly with a transferable security or money-market instrument issued after 12:01a.m. on 1 March 2022;
· The Company has not issued any transferable securities or money-market instruments since 12:01a.m. on 1 March 2022.
The Company will continue to monitor its position on the above points and, in the event that its analysis changes at any time, will make an announcement via RIS to inform the market before issuing any securities in the future. The Company notes that in the event that it becomes an entity owned by, or acting on behalf or at the direction of, a person "connected with Russia" under the Regulations, any further share issuance may be subject to the UK sanctions regime and hence may result in a suspension of the Company's listing on the London Stock Exchange's Main Market for listed securities.
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