The Nasdaq Stock Market announced that it has notified the Russian job board HeadHunter Group PLC that its securities will be delisted from the Nasdaq Stock Market LLC on 24 March unless the company appeals to a Listing Qualifications Hearings Panel.

The securities will remain halted and unavailable to trade until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq, the securities may be eligible for trading in the over-the-counter market.

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. 

Trading in the company's stock was halted on 28 February 2022. At the time, the trading halt status in HeadHunter Group was changed to 'additional information requested' with Nasdqa stating that trading would remain halted until HeadHunter Group plc American Depository Shares had fully satisfied Nasdaq's request for additional information.

Nasdaq suspended trading in the securities of several companies operating in Russia days after Russia invaded Ukraine on 24 February 2022.

Meanwhile, Reuters reported that the Nasdaq stock exchange has informed Russian Internet giant Yandex and e-commerce firm Ozon that their stocks will be delisted, more than a year after trading in their securities was suspended. In addition, payment service provider Qiwi (QIWI.O) were also notified of their anticipated delisting from Nasdaq.

Yandex and Ozon said they would appeal the decision. Neither company has fallen under Western sanctions, although some of Yandex's top management have.

"Nasdaq's notice of determination does not affect the company's operations, services, financial position or ability to meet all financial obligations to partners and other counterparties," Yandex said in a statement.