ROS AGRO PLC (a Cyprus company) has launched a procedure for delisting global depositary receipts (GDRs) from the Moscow and Astana Stock Exchanges. This is stated in the company's message.
The delisting is carried out in accordance with the decision of the company's shareholders' meeting dated March 27, 2025. After completion of the procedure, the GDRs will be excluded from organized trading, and their owners will no longer be able to make transactions on the stock exchanges.
Earlier, based on the decision of the Arbitration Court of the Moscow Region dated September 5, 2024, the corporate rights of ROS AGRO PLC in relation to PJSC Rusagro Group were suspended. In accordance with the court decision and the provisions of the law "On the Specifics of Regulating Corporate Relations in Business Entities that are Economically Significant Organizations", shares of PJSC Rusagro Group were distributed among the beneficiaries of ROS AGRO PLC. In this regard, trading of ROS AGRO PLC GDRs on the Moscow and Astana Stock Exchanges has been suspended since December 5, 2024.
Rusagro Group of Companies is a vertically integrated agricultural holding company in Russia. The Group is involved in sugar production, fat and oil business, pig breeding and crop production.
Rusagro's net profit for 2024 fell by 29% to 31.577 billion rubles from 44.763 billion rubles a year earlier. Revenue increased by 23% to 340.089 billion rubles from 276.076 billion rubles, gross profit increased by 6% to 77.784 billion rubles from 75.296 billion rubles. Adjusted EBITDA fell by 6% to 52.99 billion rubles from 56.331 billion rubles.
Rusagro's RAS net profit for the first quarter of 2025 fell 19.5 times to RUB 119.64 million from RUB 2.336 billion a year earlier.
