Cian Provides an Update Regarding the Impact of the Latest Geopolitical Developments on the Company
28 Février 2022 - 11:17PM
Business Wire
Cian PLC (NYSE: CIAN, MOEX: CIAN) (“Cian” or the “Company”), a
leading online real estate classifieds platform in Russia, provides
an update regarding the impact of the latest geopolitical
developments on the Company.
Based on the information currently available to the Company we
believe that neither Cian PLC nor any of its subsidiaries is
subject to any sanctions announced to-date by United States, United
Kingdom, the European Union or other countries.
As of today, Cian’s management believes that our ability to
conduct business has not been inhibited and we continue to operate
our business in accordance with the circumstances that arise.
However, we cannot guarantee that the current geopolitical
situation, conflict surrounding Russia and Ukraine and the
resulting economic developments in Russia will not adversely affect
our operations and financial results in the future.
We will continue to closely monitoring all developments in the
key markets in which we operate, including the possibility of
further sanctions, and its potential impact on our business and
results of operations and make every effort to minimize any
negative impact on our operations.
Cian notes that there are no restrictions on the ability of U.S.
persons to acquire and trade in Cian’s securities, and non-U.S.
persons are not exposed to any U.S. secondary sanctions risks in
connection with such transactions.
We hope for a peaceful resolution, and are doing all in our
ability to ensure the safety of our employees, while continuing to
ensure the uninterrupted operation of our services.
About Cian Cian is a leading online real estate
classifieds platform in the large, underpenetrated and growing
Russian real estate classifieds market, with a strong presence
across Russia and leading positions in the country’s key
metropolitan areas. The Company ranks among the top ten most
popular online real estate classifieds globally in terms of traffic
(based on SimilarWeb traffic data for other online real estate
classifieds and Google Analytics data for Cian for September 2021).
Cian’s networked real estate platform connects millions of real
estate buyers and renters to millions of high-quality real estate
listings of all types — residential and commercial, primary and
secondary, urban and suburban. In the third quarter of 2021, the
Company had over 1.9 million listings available through its
platform and an average UMV of over 18.7 million. Through its
technology-driven platform and deep insights into the Russian real
estate market the Company provides an end-to-end experience for its
customers and users and helps them address multiple pain points on
their journey to a new home or place to work.
Forward-Looking Statements This press release contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any express or implied
statements contained in this press release that are not statements
of historical fact may be deemed to be forward-looking statements,
including, without limitation, statements regarding our financial
outlook for 2021 and long-term growth strategy, as well as
statements that include the words “target,” “believe,” “expect,”
“aim,” “intend, intend,” may,” “anticipate,” “estimate,” “plan,”
“project,” “will,” “can have,” “likely,” “should,” “would,” “could”
and other words and terms of similar meaning or the negative
thereof. Forward-looking statements are neither promises nor
guarantees, but involve known and unknown risks and uncertainties
that could cause actual results to differ materially from those
projected, including, without limitation: our ability to maintain
our leading market positions, particularly in Moscow, St.
Petersburg and certain other regions, and our ability to achieve
and maintain leading market position in certain other regions; our
ability to compete effectively with existing and new industry
players in the Russian real estate classifieds market; our heavy
dependence on our brands and reputation; any potential failure to
adapt to any substantial shift in real estate transactions from, or
demand for services in, certain Russian geographic markets; any
downturns in the Russian real estate market and general economic
conditions in Russia; any effect on our operations due to
cancellation of, or any changes to, the Russian mortgage subsidy
program or other government support programs; further widespread
impacts of the COVID-19 pandemic, or other public health crises,
natural disasters or other catastrophic events which may limit our
ability to conduct business as normal; our ability to establish and
maintain important relationships with our customers and certain
other parties; any failure to establish and maintain proper and
effective internal control over financial reporting; any failure to
remediate existing deficiencies we have identified in our internal
controls over financial reporting, including our information
technology general controls; any new or existing government
regulation in the area of data privacy, data protection or other
areas and the other important factors discussed under the caption
“Risk Factors” (in particular, “Risks Relating to the Russian
Federation” thereunder) in Cian’s prospectus pursuant to Rule
424(b) filed with the U.S. Securities and Exchange Commission
(“SEC”) on November 4, 2021, and our other filings with the SEC as
such factors may be updated from time to time.
Any forward-looking statements contained in this press release
speak only as of the date hereof and accordingly undue reliance
should not be placed on such statements. We disclaim any obligation
or undertaking to update or revise any forward-looking statements
contained in this press release, whether as a result of new
information, future events or otherwise, other than to the extent
required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220228006159/en/
Investors: Varvara Kiseleva Head of Capital Markets and
IR ir@cian.ru
Media: Olga Podoliaka po@cian.ru
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