secwatch.observer — SEC 8-K summary
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Issuer:     Freedom Holding Corp. (FRHC)
CIK:        0000924805
Form:       8-K
Filed at:   2022-03-04T23:59:59+00:00
Accession:  0000924805-22-000020
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Freedom Holding suspends Ukraine ops; warns of significant FX losses as KZT falls 14%, RUB 50%
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- Ukrainian operations suspended; employees offered relocation to Cyprus and Germany; Ukraine revenue <1% of total fee and commission revenue.
- KZT depreciated 14% and RUB 50% vs USD since Jan 1, 2022; anticipates material translation loss in fiscal Q4.
- Central Bank of Russia raised key rate from 9.5% to 20%; NBK raised from 10.25% to 13.5%; expects higher interest expense.
- Equity holdings in SPBX (St. Petersburg Exchange) declined 54%; no plans to liquidate long-term strategic investment.
- Debt securities in KZT with fixed rates 8.80-9.35% face depressive price effect from rate hike; expects recovery if short-term.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924805/000092480522000020/0000924805-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924805/000092480522000020/frhc-20220304.htm
  HTML page:      https://secwatch.observer/filing/0000924805-22-000020

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