Ozon | Jotup

Kyvol Opens Official Online Stores on Ozon and Yandex Market in Russia

Retrieved on:

Monday, October 31, 2022

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MOSCOW and ST. PETERSBURG, Russia, Oct. 31, 2022 /PRNewswire/ --Leading smart home appliance brand, Kyvol has announced the official opening of its online stores on prominent Russian e-commerce platforms Ozon and Yandex Market.

Key Points:

MOSCOW and ST. PETERSBURG, Russia, Oct. 31, 2022 /PRNewswire/ --Leading smart home appliance brand, Kyvol has announced the official opening of its online stores on prominent Russian e-commerce platforms Ozon and Yandex Market.
From this November, the new stores will help Kyvol gain exposure to a wider audience, boosting the brand's name and serving more customers around the country.
"Our new online stores provide shoppers in Russia with easy access to all of our hottest products in one place," said Eden Chen, VP of Kyvol.
Visit Kyvol's new online stores at:
Launched in 2019, Kyvol manufactures innovative and friendly products including cleaning robots, at-home health tools, and smart devices.

Ozon Has Entered into a Standstill Agreement in Respect of Its $750 Million Senior Unsecured Convertible Bonds Due 2026

Retrieved on:

Wednesday, June 1, 2022

Retail, Online Retail, Internet, Company, Standstill agreement, Alvarez, Ozon, U.S. Securities and Exchange Commission, Exchange, Private Securities Litigation Reform Act, COVID-19, NASDAQ, MOEX, Security (finance), Lease, Bond, Bond (finance)

senior unsecured convertible bonds due 2026 (Bonds), issued by the groups Cypriot holding company, Ozon Holdings PLC.

Key Points:

senior unsecured convertible bonds due 2026 (Bonds), issued by the groups Cypriot holding company, Ozon Holdings PLC.
On June 1, 2022 the Company and ad hoc group of Bondholders, representing 21.4 per cent of the outstanding Bonds entered into a standstill agreement to facilitate the restructuring of the Bonds (the Standstill Agreement).
In addition, on June 1, 2022, the Company and certain Russian bondholders, representing 14.5 per cent of the outstanding Bonds also entered into a separate Russian standstill agreement, which in form and substance is substantially similar to the Standstill Agreement (the Russian Standstill Agreement and together with the Standstill Agreement, the Standstill Agreements).
Russian bondholders who are not Sanctioned Bondholders (as defined in the Standstill Agreements) are invited to accede to the Russian Standstill Agreement.

Ozon Announces Changes to Its Board of Directors and Top Management

Retrieved on:

Tuesday, April 12, 2022

The Companys Chief Financial Officer, Igor Gerasimov, will replace Alexander Shulgin as an Executive Director on the Board of Directors.

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The Companys Chief Financial Officer, Igor Gerasimov, will replace Alexander Shulgin as an Executive Director on the Board of Directors.
Management of the Company will now be undertaken by the Management Board comprised of several members of the management team.
The new Management Board will make strategic decisions and will manage business operations based on the principle of collegial management, which has de facto been in place at Ozon and already proven to be highly effective.
I am confident the Management Board will continue to implement the Companys strategy of fast growth, best in class services and improving operational efficiency.

Ozon Updates on Its Fourth Quarter and Full-Year 2021 Unaudited Financial Results

Retrieved on:

Thursday, April 7, 2022

The information for the three months and twelve months ended December 31, 2021 contains preliminary estimates.

Key Points:

The information for the three months and twelve months ended December 31, 2021 contains preliminary estimates.
Export control measures could also impact our operations if they limit our ability to source technology or goods from other countries.
Ozon acquired 100% of share capital of Oney Bank LLC (now Ozon Bank) from Sovcombank on May 26, 2021, when Oney Bank ceased to be an affiliate of Sovcombank.
On February 25, 2022, Ozon filed a request to OFAC to remove Ozon Bank from the SDN List because Ozon Bank is not linked to Sovcombank.

Ozon Informs about Further Developments at Ozon Bank

Retrieved on:

Thursday, March 31, 2022

Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, announces that today its banking subsidiary, Limited Liability Company Ozon Bank (Ozon Bank), was removed from the Specially Designated Nationals and Blocked Persons List (the SDN List) by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department.

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Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, announces that today its banking subsidiary, Limited Liability Company Ozon Bank (Ozon Bank), was removed from the Specially Designated Nationals and Blocked Persons List (the SDN List) by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department.
As per our press release Ozon Informs about Developments at Ozon Bank, on February 24, 2022, Ozon Bank was included in the SDN List by OFAC as an entity linked to Sovcombank Open Joint Stock Company.
Ozon acquired 100% of share capital of Oney Bank LLC (now Ozon Bank) from Sovcombank on May 26, 2021, when Oney Bank ceased to be an affiliate of Sovcombank.
On February 25, 2022, Ozon filed a request to OFAC to remove Ozon Bank from the SDN List because Ozon Bank is not linked to Sovcombank.

Ozon Provides Further Update On Its $750 Million Senior Unsecured Convertible Bonds Due 2026

Retrieved on:

Thursday, March 17, 2022

Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, provides further update in respect of its $750 million 1.875 per cent.

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Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, provides further update in respect of its $750 million 1.875 per cent.
senior unsecured convertible bonds due 2026 (Bonds), issued by the groups Cypriot holding company, Ozon Holdings PLC.
Ozon is a leading multi-category e-commerce platform and one of the largest internet companies in Russia.
In addition to its core e-commerce business, Ozon is expanding Ozon fintech and other value-added services, such as its quick commerce and online grocery solution Ozon Express.

Ozon Comments on its $750 million Senior Unsecured Convertible Bonds due 2026

Retrieved on:

Wednesday, March 9, 2022

senior unsecured convertible bonds due 2026 (Bonds), issued by the groups Cypriot holding company, Ozon Holdings PLC.

Key Points:

senior unsecured convertible bonds due 2026 (Bonds), issued by the groups Cypriot holding company, Ozon Holdings PLC.
As a result, a Delisting Event under the Bonds has occurred following the close of trading on March 8, 2022 as trading did not resume.
Its infrastructure enables Ozon to provide Russian population with a fast and convenient delivery via couriers, pick-up points and parcel lockers.
In addition to its core e-commerce business, Ozon is expanding Ozon fintech and other value-added services, such as its quick commerce and online grocery solution Ozon Express.

Ozon Provides Update on Trading Halt in Ozon American Depositary Shares on NASDAQ

Retrieved on:

Friday, March 4, 2022

Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, provides this update on the potential ramifications of the suspension of trading of the American Depositary Shares, each representing one ordinary share of the Company (ADSs), on the NASDAQ Global Select Market (NASDAQ).

Key Points:

Ozon Holdings PLC (NASDAQ and MOEX: OZON, thereafter referred to as we, us, our, Ozon or the Company), a leading Russian e-commerce platform, provides this update on the potential ramifications of the suspension of trading of the American Depositary Shares, each representing one ordinary share of the Company (ADSs), on the NASDAQ Global Select Market (NASDAQ).
On February 28, 2022, trading of the Ozons ADSs on the NASDAQ was suspended by the NASDAQ.
Alternatively, bondholders would be entitled to exercise their conversion rights under the Bonds at a conversion price currently equal to $86.6480.
In addition to its core e-commerce business, Ozon is expanding Ozon fintech and other value-added services, such as its quick commerce and online grocery solution Ozon Express.

Ozon’s Comments on Impact of U.S., EU and Other Sanctions on Its Operations

Retrieved on:

Tuesday, March 1, 2022

Both sellers and buyers can continue to supply and purchase goods through Ozons e-commerce platform as usual.

Key Points:

Both sellers and buyers can continue to supply and purchase goods through Ozons e-commerce platform as usual.
Transacting on our e-commerce platform continues without any disruptions resulting from sanctions.
We continue to process payments of our customers and pay our sellers in the regular way.
Ozon can provide no assurance of the outcome and timing of the OFAC resolution on Ozons application.

Ozon Informs About Developments at Ozon Bank

Retrieved on:

Friday, February 25, 2022

Ozon acquired 100% of share capital of Oney Bank LLC from Sovcombank Open Joint Stock Company (the Sovcombank) on May 26, 2021 (see the Companys press release Ozon Announces Completion Of Oney Bank LLC Acquisition for more details).

Key Points:

Ozon acquired 100% of share capital of Oney Bank LLC from Sovcombank Open Joint Stock Company (the Sovcombank) on May 26, 2021 (see the Companys press release Ozon Announces Completion Of Oney Bank LLC Acquisition for more details).
As of the closing date of the deal, Oney Bank ceased to be an affiliate of the Sovcombank and thereafter was renamed into Ozon Bank.
Since Ozon Bank (formerly Oney Bank LLC) is no longer linked to Sovcombank, Ozon intends to apply to OFAC for removal of Ozon Bank from the SDN List.
In addition to its core e-commerce business, Ozon is expanding Ozon fintech and other value-added services, such as its quick commerce and online grocery solution Ozon Express.