Ozon Informs about Further Developments at Ozon Bank
March 31 2022 - 5:26PM
Business Wire
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 and its subsidiaries are not listed on any U.S., EU or UK
sanctions lists. Ozon notes that there are no restrictions on the
ability of U.S. persons to acquire and trade in Ozon’s securities,
and non-U.S. persons are not exposed to any U.S. secondary
sanctions risks in connection with such transactions.
About Ozon
Ozon is a leading multi-category e-commerce platform and one of
the largest internet companies in Russia. Ozon’s platform offers
one of the widest selections of goods across multiple product
categories. Ozon’s country-wide warehouse footprint includes around
one million square meters. Its infrastructure enables Ozon to
provide Russian population with a fast and convenient delivery via
couriers, pick-up points and parcel lockers. Ozon’s extensive
logistics and fast-developing marketplace allow over 90 thousand
entrepreneurs to sell their products across Russia’s 11 time zones
to more than 25 million customers. 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. For more information, please visit
https://corp.ozon.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20220331006033/en/
Investor Relations Maryia Berasneva-McNamara, Head of
Investor Relations, Ozon ir@ozon.ru
Press Office Maria Zaikina, Director of Public &
Industry Relations, Ozon pr@ozon.ru
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