Kaspi.kz to Delist from London Stock Exchange
Ticker: KSPI · Form: 6-K · Filed: Mar 25, 2024 · CIK: 1985487
| Field | Detail |
|---|---|
| Company | Joint Stock Co Kaspi.Kz (KSPI) |
| Form Type | 6-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: delisting, LSE, depositary-receipts
TL;DR
Kaspi.kz is ditching the LSE, ADS and GDRs are out.
AI Summary
Joint Stock Company Kaspi.kz announced on March 25, 2024, its decision to voluntarily delist its American depositary shares and Rule 144A global depositary receipts from the London Stock Exchange. This action affects the trading of Kaspi.kz's securities on that exchange.
Why It Matters
This delisting will remove Kaspi.kz's securities from trading on the London Stock Exchange, potentially impacting liquidity and investor access for those holding securities on that exchange.
Risk Assessment
Risk Level: medium — Delisting can indicate underlying business challenges or strategic shifts that may affect investor confidence and stock performance.
Key Players & Entities
- Joint Stock Company Kaspi.kz (company) — Registrant
- London Stock Exchange (company) — Exchange for delisting
- March 25, 2024 (date) — Date of announcement
FAQ
What is the primary reason for Kaspi.kz's voluntary delisting from the London Stock Exchange?
The filing states the company issued an announcement confirming the voluntary delisting, but does not specify the primary reason within this document.
What specific securities are being delisted?
American depositary shares and Rule 144A global depositary receipts are being delisted.
On what date was the announcement of the delisting made?
The announcement was made on March 25, 2024.
Which exchange will Kaspi.kz's securities be delisted from?
Kaspi.kz's securities will be delisted from the London Stock Exchange.
Is Kaspi.kz filing a Form 20-F or 40-F for its annual reports?
Kaspi.kz indicates it files annual reports under cover of Form 20-F.
Filing Stats: 238 words · 1 min read · ~1 pages · Grade level 11.2 · Accepted 2024-03-25 06:25:05
Filing Documents
- kaspi.kz_form_6-k_march_.htm (6-K) — 26KB
- kspi-ex99_1.htm (EX-99.1) — 9KB
- img18042212_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-035621.txt ( ) — 44KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Joint Stock Company Kaspi.kz March 25, 2024 By: /s/ Tengiz Mosidze Name: Tengiz Mosidze Title: Chief Financial Officer 3 EXHIBIT INDEX The following exhibit is furnished as part of this Form 6-K: No. Description 99.1 Announcement titled “Cancellation of Listing of ADSs and Rule 144A GDRs.” 4