Freedom Holding Corp (FRHC)

[Quintessence]

Freedom Holding to list on St. Petersburg Exchange

https://1prime.ru/Financial_market/20191014/830408200.html

MOSCOW, October 14 - Freedom Holding, the parent company of the Russian broker Freedom Finance, is counting on listing its shares on the St. Petersburg Exchange, trading can be launched as early as October 15 after launching NASDAQ for organized trading on the US stock exchange, said Freedom Holding Corp. CEO. Timur Turlov at a press conference in New York.

“Based on the results of our preliminary agreements, we expect that through the access mechanism that the St. Petersburg Exchange has, our shares can be admitted to trading on the St. Petersburg Exchange in the very near future. This, in general, , takes place at the initiative of the platform itself. We do not have full control over this process there now, but we are certainly interested to give an opportunity ... ", he said during a press conference before the start of trading on the American trading platform.

Trading Freedom Holding on NASDAQ, specializing in shares of high-tech companies, will begin October 15, the shares will be traded under the ticker FRHC.

"Colleagues confirm that the St. Petersburg Exchange plans to admit trading on October 15 at 18.00 Moscow time, approximately at the same time (with trading on the NASDAQ - Ed.) Securities will be admitted to trading, Russian customers and not only Russian ones will also be able to complete transactions with our shares. (Papers - ed.) will be able to be accounted for by the central depository in the Russian market. Unskilled investors will also be able to trade, "Turlov added.

The press service of the St. Petersburg Exchange confirmed to RIA Novosti that they are considering the possibility of listing shares in Freedom Holding Corp. after these shares start trading on the NASDAQ.

Freedom Holding Corp. - An international financial holding company registered in Nevada, USA. Freedom Holding Corp. Today it includes: a Russian broker and Freedom Finance bank, a Kazakhstani broker Freedom Finance JSC, a Ukrainian company Freedom Finance Ukraine LLC, Freedom Finance Cyprus Limited, Freedom Finance Germany TT GmbH., Freedom Finance LLC ( Uzbekistan). Capitalization at the end of September is about $ 700 million, the group’s own capital exceeds $ 125 million, assets - $ 429 million, and customer assets - $ 1.3 billion. The total number of customer accounts is over 121 thousand.