MD Medical Group Announces of the Striking off the Cyprus Register of Companies - News — Group of companies "Mother and child"

MD Medical Group IPJSC (“MD Medical”, "Group" or the "Company"; MOEX: MDMG), a leading Russian private healthcare provider, informs that according to part 14 of article 5 of the Federal Law "On International Companies" the Company has received from the Cyprus Registrar a Certificate of Striking off a Company. It certifies that MD MEDICAL GROUP INVESTMENTS PLC from 28 May 2024 has been struck off the register of companies of the Registrar of Companies in accordance with section 354XV of the Companies Law, Cap.113 because it is continuing under the legal regime of another country of jurisdiction. Previously, the Company informed that it had received the formal consent of the Cyprus Registrar to continue the activities of MD Medical outside the Republic of Cyprus.

The exclusion of MD Medical  from the Cyprus register mitigates the risks that may arise when registering simultaneously in two jurisdictions and is a confirmation of the transparency and consistency of the redomiciliation procedure in compliance with the legislation of both jurisdictions.


About MD Medical Group

MD Medical Group is a leading provider in the Russian private healthcare service market. The Company manages 56 modern healthcare facilities, including 11 hospitals and 45 out-patient clinics in 28 regions of Russia. In 2023, MD Medical Group's revenue amounted to RUB 27.6 bln while EBITDA was RUB 9.2 bln. 

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