SEC Form 15F-12B filed by HeadHunter Group PLC

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 15F

CERTIFICATION OF A FOREIGN PRIVATE ISSUER’S TERMINATION OF REGISTRATION OF A CLASS OF SECURITIES UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ITS TERMINATION OF THE DUTY TO FILE REPORTS UNDER SECTION 13(a) OR SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number 001-38882

Place an X in the appropriate box(es) to indicate the provision(s) relied upon to terminate the duty to file reports under the Securities Exchange Act of 1934:

PART I

Item 1. Exchange Act Reporting History

A.       HeadHunter Group PLC (the “Company”) first incurred the duty to file reports under section 13(a) or section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) on May 8, 2019.

The Company’s American Depositary Shares (the “ADSs”), each representing one ordinary share (an “Ordinary Share” and the “Ordinary Shares”), commenced trading on The Nasdaq Global Select Market (“Nasdaq”) on May 9, 2019. On February 28, 2022, trading in the Company’s ADSs on Nasdaq was halted (the “Trading Halt”). On March 15, 2023, the Company received a notice from the Listing Qualifications Staff of Nasdaq, which determined to delist the Company’s ADSs from Nasdaq, exercising its discretionary authority under Nasdaq Listing Rule 5101. Nasdaq indicated in the delisting notice that its determination was based on the ongoing geopolitical events and their potential impact on the Company. On March 21, 2023, the Company submitted a request for a hearing before a Nasdaq Hearings Panel to appeal such determination. The hearing was held on April 27, 2023, and on June 6, 2023 the Nasdaq Hearings Panel issued its written decision, denying the Company’s appeal. Accordingly, following this decision, the Company undertook a delisting process, filed a Form 25 with the U.S. Securities and Exchange Commission (“SEC”) under Exchange Act Rule 12d2-2(c) on June 28, 2023, and the Company’s ADSs were delisted from Nasdaq with effect from July 8, 2023.

B.       The Company has filed or submitted all reports required under Section 13(a) or Section 15(d) of the Exchange Act and corresponding SEC rules for the 12 months preceding the filing of this form. The Company has filed at least one annual report under Section 13(a) of the Exchange Act.

Item 2. Recent United States Market Activity

The Company’s securities were last sold in the United States in a registered offering under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to a prospectus supplement for the Company’s 4,500,000 ADSs representing 4,500,000 Ordinary Shares, filed on June 3, 2021 (pursuant to Rule 424(b)(5) under the Securities Act (in respect of the prospectus dated June 30, 2020)), relating to the registration statement on Form F-3 (File No. 333-239560) that was filed on June 30, 2020 and became effective on July 9, 2020.

Item 3. Foreign Listing and Primary Trading Market

A.       Since the introduction of the Trading Halt, Moscow Exchange (“MOEX”), in Russia, has become the primary trading market of the Company’s ADSs.

B.       The Company’s ADSs were first listed for trading on MOEX on September 25, 2020. The Company has maintained this listing for at least 12 months preceding the filing of this Form 15F.

C.       The percentage of trading in ADSs that occurred in Russia for the 12-month period from July 1, 2022 through June 30, 2023 (both dates inclusive) was 100%.

Item 4. Comparative Trading Volume Data

A.       The 12-month period used for calculations under Rule 12h-6(a)(4)(i) was from July 1, 2022 through June 30, 2023 (both dates inclusive).

B.       The average daily trading volume of the Company’s Ordinary Shares and ADSs (when expressed in terms of the underlying Ordinary Shares) in the United States (both on-exchange and off-exchange) was nil for the same 12-month period. The average daily trading volume of the Company’s Ordinary Shares (including those represented in the form of ADSs) worldwide was 13,065 Ordinary Shares for the same 12-month period.

C.       The average daily trading volume of the Company’s Ordinary Shares (including those represented in the form of ADSs) in the United States as a percentage of the average daily trading volume for the Ordinary Shares on a worldwide basis for the period described in Item 4.A of this Form 15F was nil.

D.       The Company’s ADSs were delisted from Nasdaq effective as of July 8, 2023. As of that date, the average daily trading volume of the Company’s Ordinary Shares (including those represented in the form of ADSs) in the United States as a percentage of the average daily trading volume for the Ordinary Shares (including those represented in the form of ADSs) on a worldwide basis for the preceding 12-month period was zero.

E.        The Company has not terminated its ADS program with respect to the ADSs and the corresponding deposit agreement pursuant to which the ADS program is maintained.

F.        The Company used Bloomberg L.P. and the website of MOEX as the sources for determining whether it meets the average daily trading volume requirements of Rule 12h-6. The Company analyzed its United States’ share trading relating to its Ordinary Shares and ADSs using Bloomberg and analyzed its non-U.S. global share trading relating to its Ordinary Shares and ADSs using MOEX.

Item 5. Alternative Record Holder Information

Not applicable.

Item 6. Debt Securities

Not applicable.

Item 7. Notice Requirement

The Company published notice of its intent to terminate its duty to file reports under Section 13(a) and Section 15(d) of the Exchange Act on July 10, 2023. The press release was posted to the Company’s website and submitted to the SEC on Form 6-K via EDGAR on July 10, 2023.

Item 8. Prior Form 15 Filers

Not applicable.

PART II

Item 9. Rule 12g3-2(b) Exemption

The Company will publish the information required under Rule 12g3-2(b)(1)(iii) on its website, https://investor.hh.ru/.

PART III

Item 10. Exhibits

None.

Item 11. Undertakings

The undersigned issuer hereby undertakes to withdraw this Form 15F if, at any time before the effectiveness of its termination of reporting under Rule 12h-6, it has actual knowledge of information that causes it reasonably to believe that, at the time of filing the Form 15F:

(1)       The average daily trading volume of its subject class of securities in the United States exceeded 5 percent of the average daily trading volume of that class of securities on a worldwide basis for the same recent 12-month period that the issuer used for purposes of Rule 12h-6(a)(4)(i);

(2)       Its subject class of securities was held of record by 300 or more United States residents or 300 or more persons worldwide, if proceeding under Rule 12h-6(a)(4)(ii) or Rule 12h-6(c); or

(3)       It otherwise did not qualify for termination of its Exchange Act reporting obligations under Rule 12h-6.

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, HeadHunter Group PLC has duly authorized the undersigned person to sign on its behalf this certification on Form 15F. In so doing, HeadHunter Group PLC certifies that, as represented on this Form, it has complied with all of the conditions set forth in Rule 12h-6 for terminating its registration under section 12(g) of the Exchange Act, or its duty to file reports under Section 13(a) or Section 15(d) of the Exchange Act, or both.

Date: July 10, 2023