Securities transactions of company associated with Khotin suspended on London Stock Exchange
Exillon Energy must submit an annual report to start trading its shares on the London Stock Exchange.
The London Stock Exchange suspended all transactions related to Alexey Khotin before the company's annual report is published. In turn, Exillon Energy postponed it due to the need to make new calculations and analysis.
The day before, a significant shareholder of Yugra Bank, Alexey Khotin, was arrested.
The principal shareholder of oil company Exillon Energy is the same Khotin. Therefore, the oil company announced the suspension of the turnover of its securities on the London Stock Exchange. The information is posted on the official website of the company.
The Director of the company together with the auditors will prepare the company's annual report according to the international financial reporting standards, known as IFRS. Independent specialists will also help with business analysis to complete the annual report as soon as possible.