PIK shareholders approve delisting and ending public status

Shareholders of Russian developer PIK approved delisting and ending the company's public status at an extraordinary meeting on October 13, the developer disclosed on October 14.

Nedvizhimye Aktivy, which owns more than 98% of PIK, demanded the purchase of the remaining shares in September. The price of 551.4 roubles per share matches the offer it made to shareholders in April.

The beneficiaries of Nedvizhimye Aktivy are not disclosed. According to Interfax, companies affiliated with Sergei Gordeev held approximately 15% of PIK at the end of 2024.

Following the shareholder decision, PIK plans to ask the Bank of Russia to exempt it from securities-law disclosure requirements. The register of owners whose shares are subject to the buyout will be fixed on October 20.