CIAN

Cian PLC Announces Third Quarter and Nine Months 2023 Financial Results

Retrieved on: 
Tuesday, November 21, 2023

Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the third quarter and nine months ended September 30, 2023.
  • Dmitriy Grigoriev, Chief Executive Officer of Cian PLC, commented: “Our company demonstrated solid performance of its Core Business and transactional services even in the challenging macroeconomic environment.
  • See “Non-IFRS Financial Measures and Supplemental Financial Information” elsewhere in this release for a description of these measures and their reconciliation from the most directly comparable IFRS financial measures.
  • Revenue for the three months ended September 30, 2023 amounted to RUB 3,238 million compared to RUB 2,241 million for the three months ended September 30, 2022, an increase of RUB 997 million, or 44%.

Cian PLC Announces 2023 Annual General Meeting

Retrieved on: 
Wednesday, November 8, 2023

Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, calls for the 2023 Annual General Meeting (the “AGM”) to be held on December 15, 2023, at 9.00 a.m. (Cyprus time) at 9 Kafkasou Street, Treppides Tower, 4th floor, 401, Nicosia, Cyprus.

Key Points: 
  • Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, calls for the 2023 Annual General Meeting (the “AGM”) to be held on December 15, 2023, at 9.00 a.m. (Cyprus time) at 9 Kafkasou Street, Treppides Tower, 4th floor, 401, Nicosia, Cyprus.
  • At the AGM, the following items will be submitted for shareholders’ approval:
    adoption of the Company’s audited standalone and consolidated financial statements for the 2022 financial year;
    appointment of the Company’s Auditor and fixing Auditor’s remuneration;
    approval of amended Articles of Association.
  • All shareholders are cordially invited to attend the AGM.
  • A record date for determination of holders of the ADSs who shall be entitled to receive Notice of the convocation of the AGM along with any supporting materials and give instructions for the exercise of any voting rights is set on November 30, 2023.

Cian Files Documents for the Registration of the Prospectus With the CBR

Retrieved on: 
Tuesday, October 3, 2023

CIAN PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading online real estate classifieds platform in Russia, has announced today that it has submitted the set of documents for the registration of the Prospectus of Foreign Securities to the Central Bank of Russia.

Key Points: 
  • CIAN PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading online real estate classifieds platform in Russia, has announced today that it has submitted the set of documents for the registration of the Prospectus of Foreign Securities to the Central Bank of Russia.
  • Cian has filed for registration with the Central Bank of Russia the Prospectus of Foreign Securities (the “Prospectus”) in relation to the Company’s American Depositary Shares, each representing one Ordinary Share of CIAN PLC (the “ADSs”), as well as other documents required by applicable law for listing on the Moscow Exchange.
  • On September 20, 2023, the Company filed a Form 15F with the Securities and Exchange Commission (the “SEC”) for termination of its registration of the ADSs with the SEC.
  • These measures have been taken with the intention to maintain trading of the Company's ADSs on the Moscow Exchange in the ordinary course of business.

Cian Announces Filing of Form 15F to Deregister With the U.S. Securities and Exchange Commission

Retrieved on: 
Wednesday, September 20, 2023

Following the filing of the Form 15F with the SEC, all the Company’s reporting obligations under the Exchange Act will be suspended unless the Form 15F is subsequently withdrawn or denied.

Key Points: 
  • Following the filing of the Form 15F with the SEC, all the Company’s reporting obligations under the Exchange Act will be suspended unless the Form 15F is subsequently withdrawn or denied.
  • Deregistration with the SEC and termination of the Company’s reporting obligations under the Exchange Act (collectively, the “Deregistration”) are expected to become effective 90 days after its filing of Form 15F with the SEC (“Form 15 Effective Date”).
  • Once the Form 15F is filed and before the Form 15F Effective Date, the Company will publish the information required under Rule 12g3‑2(b) of the Exchange Act on its website, https://ir.ciangroup.ru/ .
  • Notwithstanding the Deregistration, the Company currently intends to continue disclosing financial information on a regular basis subject to applicable laws and regulations.

Cian Completes Acquisition of SmartDeal

Retrieved on: 
Tuesday, September 19, 2023

Cian PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading online real estate classifieds platform in Russia, today announced obtaining an approval from the Governmental Commission for Control over Foreign Investments in Russia and signing an agreement to acquire 100% of SmartDeal (Praktika Uspekha LLC).

Key Points: 
  • Cian PLC (MOEX: CIAN) (“Cian” or the “Company”), a leading online real estate classifieds platform in Russia, today announced obtaining an approval from the Governmental Commission for Control over Foreign Investments in Russia and signing an agreement to acquire 100% of SmartDeal (Praktika Uspekha LLC).
  • Cian obtained regulatory approvals in line with the preliminary agreement entered into by the parties in April 2023, and announces closing the main part of the transaction to acquire 100% of SmartDeal's share capital.
  • Cian and SmartDeal started their cooperation in early 2021 as they combined efforts to launch Cian.Transaction, an online transaction service that went live in October 2021.
  • Founded in 2017, SmartDeal (Praktika Uspekha LLC) is a leading player in the Russian market for e-registration of property deals.

Cian PLC Announces Second Quarter and Six Months 2023 Financial Results

Retrieved on: 
Friday, August 18, 2023

Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”) (NYSE: CIAN), (MOEX: CIAN), a leading online real estate classifieds platform in Russia, today announced its financial results for the second quarter and six months ended June 30, 2023.

Key Points: 
  • Cian PLC (MOEX: CIAN) (“Cian”, the “Group” or the “Company”) (NYSE: CIAN), (MOEX: CIAN), a leading online real estate classifieds platform in Russia, today announced its financial results for the second quarter and six months ended June 30, 2023.
  • Dmitriy Grigoriev, Chief Executive Officer of Cian PLC, commented: “Cian continues to grow steadily both in our core business and new products on the back of demand recovery in the market.
  • See “Non-IFRS Financial Measures and Supplemental Financial Information” elsewhere in this release for a description of these measures and their reconciliation from the most directly comparable IFRS financial measures.
  • See “Non-IFRS Financial Measures and Supplemental Financial Information” elsewhere in this release for further information.

Cian Announces Final Decision of NYSE Committee Following Appeal of NYSE Delisting Determination

Retrieved on: 
Monday, July 24, 2023

The Company was notified of the Final Delisting Decision on July 21, 2023.

Key Points: 
  • The Company was notified of the Final Delisting Decision on July 21, 2023.
  • As previously announced, on March 15, 2023, the Company received a written notice of the delisting determination by the Staff.
  • On March 28, 2023, the Company submitted a written request for a review of the delisting determination by the NYSE Committee.
  • The Final Delisting Decision does not impact the Company’s business operations or financial position and we remain focused on maintaining business growth.

Cian PLC Announces First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 19, 2023

Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the first quarter ended March 31, 2023.

Key Points: 
  • Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the first quarter ended March 31, 2023.
  • Dmitriy Grigoriev, Chief Executive Officer of Cian PLC, commented: “Our business continues to show steady revenue growth backed by positive signals of a gradual demand recovery.
  • Among other things, it sets the backdrop to allow our business to continue growing at a good pace.
  • See “Non-IFRS Financial Measures and Supplemental Financial Information” elsewhere in this release for a description of these measures and their reconciliation from the most directly comparable IFRS financial measures.

Cian PLC Enters into a New Agreement for Acquisition of SmartDeal

Retrieved on: 
Tuesday, May 2, 2023

Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced that it entered into a new agreement for the acquisition of SmartDeal.

Key Points: 
  • Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced that it entered into a new agreement for the acquisition of SmartDeal.
  • A subsidiary of the Group, iRealtor LLC, entered into a new binding preliminary agreement for acquisition of 100% in SmartDeal (Praktika Uspekha LLC), a company which provides e-registration and adjacent services for various types of property deals.
  • As the necessary government approvals under the previous preliminary agreement were not granted within the timeframe stipulated in that agreement, iRealtor LLC and Praktika Uspekha LLC agreed on and signed a new agreement.
  • Cian and SmartDeal have established a partnership in the beginning of 2021 while developing the online transaction service Cian.Transaction launched in October 2021.

Cian PLC Announces Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, March 30, 2023

Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the fourth quarter and twelve months ended December 31, 2022.

Key Points: 
  • Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian”, the “Group” or the “Company”), a leading online real estate classifieds platform in Russia, today announced its financial results for the fourth quarter and twelve months ended December 31, 2022.
  • Dmitriy Grigoriev, Chief Executive Officer of Cian PLC, commented: “2022 was challenging for us in many aspects and I am very proud and grateful to the management team for their dedication, professionalism and hard work which allowed us to deliver strong results in this unprecedently unpredictable market environment.
  • Our financial results speak for themselves, not only we achieved almost 40% revenue growth Y-o-Y, but also significantly improved marginality of our business with adjusted EBITDA margin reached 20%.
  • The Company utilized its right to a review of the determination and, accordingly, filed an appeal to this decision.