The mining company JKX Oil \u0026 Gas, which in recent years has not been listed on the stock exchange and one of whose shareholders is Igor Kolomoisky, announced the beginning of the delisting procedure from the main site of the London Stock Exchange. This is reported on the website of the exchange..

In the course of the exclusion of securities from the quotation list of the stock exchange (delisting), the company intends to buy back 23% of its shares (40 million ordinary shares) at a price of 40 pence per share. JKX's stock price plummeted 12% after news of JKX delisting.

The company's management believes that now the company will have more flexibility when looking for alternative sources of capital. At the same time, the possibility of listing on alternative exchange platforms is not considered..

Delisting will help JKX save $ 600,000 in administrative costs per year. The delisting procedure should be completed in January 2022.

JKX owns Poltava Petroleum Company in Ukraine. The largest shareholders of JKX are Eclairs Group of Igor Kolomoisky and Gennady Bogolyubov - 27.47% of shares.

[see_also].

The Prosecutor General's Office has responded to the Pandora Papers investigation involving Zelensky and Kolomoisky [/ see_also].

Earlier, Politico wrote that the United States is not ready to fight global corruption, including at the legislative level.. This is evidenced by the situation with money laundering by the Ukrainian oligarch Kolomoisky.

Recall that in March 2021, the United States accused the Ukrainian oligarch and former head of the Dnipropetrovsk Regional State Administration Igor Kolomoisky of involvement in large-scale corruption.. Also, sanctions were imposed against Koomoisky and his family..