Russian job board operator Headhunter Group plc has appealed the decision by Nasdaq to delist it from the exchange.

Nasdaq earlier this month notified the company of the planned delisting of its American depositary shares. Nasdaq staff indicated the delisting determination was based upon ongoing geopolitical events and their potential impact on the company.

HeadHunter on Tuesday filed an appeal, and a hearing will be held within 45 days regarding the request, according to the company. Delisting of HeadHunter’s American depositary shares will be stayed in the meantime. However, the suspension in trading — which began 28 February — will continue. The suspension is not affected by the receipt of the delisting notice or the appeal.

The company also noted trading of shares on the Moscow Exchange is not affected, and the Nasdaq delisting does not impact the company’s business operations or financial position.

Nasdaq had notified other Russian firms of delisting.

HeadHunter ranks No. 21 on SIA’s global list of largest online job advertising firms.