Noventiq, Softline's international business, plans to re-register in the Cayman Islands. Сompany is now registered in Cyprus. After the division of Softline business into Russian and international divisions, the advantages associated with Cyprus have become less significant for Noventiq Group. In addition, a number of companies listed in the U.S. have domiciles in the Cayman Islands. Decision on redomiciliation and change of listing place to one of the US exchanges will have to be made by the shareholders meeting. From Moscow Exchange the securities will be delisted.