Majority shareholders of Best Efforts Bank - St. Petersburg Stock Exchange and NP RTS - plan to delist its shares from the Moscow Exchange, as the pricing is not representative due to the free float of less than 1%. And as the center of capitalization in the corporate structure will be the St. Petersburg Stock Exchange, which will go for IPO approximately in 2022, the shareholders consider the increase of the bank's free float to be inexpedient. The issue of delisting will be included in the agenda of the extraordinary meeting of the bank's shareholders, and it is also supposed to buy out minority shareholders' securities.
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