Not for release or distribution, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction
For Immediate Release
8 March 2022
Zaim Credit Systems Plc
("Zaim" or together with its subsidiary the "Group")
Statement on current situation in Russia
Zaim Credit Systems plc ("Zaim"), the Russia focused fintech group, announces a statement regarding the current situation in Russia and Ukraine in respect of its wholly owned subsidiary, Zaim-Express LLC, ("Zaim-Express"). Zaim-Express' principal activity is the issuance of microloans online via its web-site and mobile application and through a network of its branches in Moscow and the Moscow Region.
As a UK-listed entity, Zaim is currently complying with all UK, US & EU sanctions and will monitor the situation to ensure it continues to do so should they change in what is a rapidly evolving situation. It is important to note that:-
· Zaim is a holding company incorporated in England and Wales
· Zaim is majority owned by European shareholders - a list of those holding more than 3% of the Company's shares is available on the company website
· Zaim itself has no relationships with any Russian banks
· Zaim is accelerating its work to expand into other European countries and is actively undertaking an assessment of jurisdictions in which to deploy its technology
· The business of Zaim Express operates solely within Russia and therefore is not affected by international restrictions on using the SWIFT international payment system.
Zaim Express and its systems are working as normal and it continues to serve its clients in the normal course of business with as yet no significant deviation in business performance. Zaim will provide a trading update in respect of Q4 2021 in due course.
Follow us on Twitter - @ZaimcreditSyst
Sign up for our Newsletter - https://tinyurl.com/4jjuuwve
Enquiries:
|
Zaim Credit Systems Plc | |
| Simon Retter Siro Cicconi |
Tel: +44 (0) 73 9377 9849 |
| Alex Boreyko
| Tel: +7 925 708 98 16 investors@zaimcreditsystemsplc.com
|
| Investor Relations: Flowcomms Ltd | |
| Sasha Sethi | Tel: +44 (0)7891 677441
|
| Adviser: Beaumont Cornish Limited | |
| Roland Cornish / James Biddle | Tel: +44 (0) 20 7628 3396 |
| | |
| Optiva Securities Limited | |
| Jeremy King / Vishal Balasingham | Tel: +44 (0) 20 3137 1902 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
