Qiwi to be delisted from Nasdaq on Sept 16, securities admitted to trading on Astana International Exchange

MOSCOW. Sept 6 (Interfax) - Nasdaq has decided to exclude Qiwi American Depository Shares (ADS) from its quotation list, with the delisting to come into effect from the opening of trading on September 16, the fintech services provider said in a statement.

Nasdaq informed Qiwi of the delisting of its shares in March 2023. The group then appealed the decision, assuming that it would be able to maintain the listing while spinning off the business into international and Russian segments.

Qiwi then sold its Russian assets, consolidated under JSC Qiwi, as part of business restructuring in January 2024 to Hong Kong-based Fusion Factor Fintech Limited, which is owned by former Qiwi plc CEO Andrei Protopopov. The group's international business in Kazakhstan, the United Arab Emirates and other countries is

On February 21, the Central Bank of Russia revoked the license of Qiwi Bank, introducing temporary administration at the bank and appointing the Deposit Insurance Agency (DIA) as the liquidator. In March, the DIA filed a lawsuit against the bank's owners to challenge the deal to sell JSC Qiwi.

On June 26, Qiwi again received notice from the Nasdaq to delist its ADS, and was given 15 days to appeal the decision. On July 15, Qiwi said that it had requested that the Nasdaq extend the period by 14 days, during which the group could appeal the exchange's decision on the delisting.

The group did not fulfill the conditions necessary to maintain the listing, it said in the statement.

Neither did Qiwi appeal the delisting decision within the established deadline; it became final on August 12, 2024.

Qiwi receipts are traded on the Moscow Exchange.

In addition, the group received a listing on the Astana International Exchange (AIX) on September 6. Qiwi ADS were added to the quotation list.

Qiwi has equity capital comprising 10,413,522 class A shares and 52,299,453 class B shares. One class A share equals 10 votes and one class B share equals one vote.

Qiwi is currently changing its name to NanduQ.

Qiwi has 71.3% of the total number of shares in free float. Sergei Solonin is the company's largest shareholder with 28.4% of the shares and 71.3% of the votes.