2024-08-27 20:42:00
Moscow. August 27th. INTERFAX.RU – Qiwi shareholders approved a change of company name to NanduQ at its annual meeting on August 27, the group said in a statement.
112 million votes, 262,000 votes, 605 votes in favor of the name change, 1,000 votes against, and 2,998 abstentions.
Shareholders also re-elected the board of directors, which once again included Lev Krol, Alexey Solovyov and Alexey Ivanov. The committee also includes the heads of the group Alexey Mashchenkov and Oksana Sirotinina.
Trading of Qiwi ADS on Nasdaq has been suspended effective February 28, 2022. Trading on Qiwi Securities on the Moscow Exchange continues as usual.
In March 2023, Nasdaq notified Qiwi that its shares would be delisted. The group subsequently appealed the decision and argued it would be able to maintain the listing while dividing the business into international and Russian operations.
Then, in January 2024, as part of a business restructuring, Qiwi sold the consolidated Russian assets under Qiwi JSC to Hong Kong company Fusion Factor Fintech Limited, which is owned by former Qiwi plc CEO Andrei Protopopov (Andrey Protopopov) owns. The company said that the group’s international business in Kazakhstan, the United Arab Emirates and other countries will continue to develop within the framework of Qiwi plc.
The mutual settlement under the transaction involves installments over the next four years: 11.9 billion rubles must be paid within four months from the date of the transaction (as of May 19), the remaining 11.9 billion rubles – in four installments starting from the fourth Payment will be made in equal installments in the fourth quarter of 2024.
A month after the transaction, on February 21, the central bank revoked Qiwi Bank’s license. The bank introduced interim administration and then set up a liquidator represented by the Deposit Insurance Agency (DIA). In March, the agency filed a lawsuit against the bank’s owners challenging the sale of Qiwi JSC. As DIA representatives reported during the trial, Fusion Factor Fintech had paid the first tranche of payments under the transaction by obtaining a loan from Protopopov. According to court documents, the first payment amounted to 100 million rubles. Payment terms for the remaining 11.78 billion rubles. In May, at the buyer’s request, Qiwi was delayed by three months, until August 19, because “events at its Russian operations have significantly complicated its ability to repay its second payment obligations in a timely manner.” In August, the group approved the move Payments are deferred for a further three months, until November 19.
Qiwi received another notification from Nasdaq on June 26 that it would delist its ADSs and was given 15 days to appeal the decision. Subsequently, on July 15, Qiwi said it had asked Nasdaq to extend the period for the group to appeal the exchange’s delisting decision by 14 days. “The decision to postpone was taken as Qiwi continues to conduct a comprehensive analysis of the situation for the benefit of ADS holders, and the company will formally announce further decisions made in due course,” the group reported.
Qiwi’s authorized capital consists of 10,004,130,00522 Class A shares and 52,002,990,00453 Class B shares.
Qiwi’s free float represents 71.3% of its total shares. The company’s largest shareholder is Sergey Solonin, who owns 28.4% of the shares and 71.3% of the voting rights.
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