OREANDA-NEWS The shareholders and the board of directors of VK have decided to redomicile the company from the British Virgin Islands to Russia, the report says.

"VK Company Limited (MOEX, LSE: VKCO, hereinafter "VK" or the "Company") Announces the adoption of decisions by the shareholders and the board of directors of VK on redomicilation – the termination of the Company's activities in the British Virgin Islands and its continuation in the Russian Federation as an international company of a public joint stock company in accordance with Russian law," the message reads.

The company notes that after the state registration in Russia, VK will become an international company public joint stock company "VK" (MKPAO "VK") with its location in the special administrative region (SAR) on Oktyabrsky Island, Kaliningrad region. "The current members of the Board of Directors of VK Company Limited remain members of the Board of Directors of MKPAO VK," VK adds.

In addition, the articles of association of the company, which will come into force from the moment of its state registration as an ICPAO, decisions on the issue of ordinary shares and ordinary convertible class A shares, as well as a securities prospectus for the purposes of redomicilation, have been approved. "The joint-stock company Interregional Registrar Center has been approved as the registrar of MKPAO VK," the company notes.