“All of us at the ELTON Group are closely following the shocking events unfolding in Ukraine, in constant contact with our colleagues at our subsidiary Elton Corporation LLC based in Kiev,” the Commission said in a statement. Capital Market for developments in Ukraine.
“For the absolute safety of the people of our company and their families, we have issued relevant instructions to stay in safe places, while we proceeded to suspend the operation of our subsidiary until security is restored and the rhythms of daily life return to normal. regularity “, the company states and adds:
“We also want to inform the investor and the general public that this temporary suspension of our Group subsidiary in Ukraine, we do not expect to significantly affect the Group.
The participation of the Ukrainian subsidiary in the financial figures of the Group does not fall into the levels of importance and therefore does not have a significant effect on them, both in terms of financial position (1.60% of the Group), turnover (2% of the Group) as well as in the results (0.87% of the Group). In addition, it is emphasized that there is no serious exposure of the subsidiary in the local market while the Group as a regular practice takes the necessary measures to ensure and protect its financial position.
“Our wishes and prayers are with our partners and clients in Ukraine, hoping that this nightmare will pass as soon as possible and that we remain ready to provide any necessary support.”
Source: Capital
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