Qiwi registers 4.23 mln supplementary Class B shares
MOSCOW. July 11 (Interfax) - Qiwi plc has registered an additional 4.23 million Class B shares with the U.S. Securities and Exchange Commission for use in the employee restricted stock units plan, according to the SEC filing.
The closing price for Qiwi shares on the Nasdaq exchange on July 8 was $12.88 each. In other words, the market value of the new shares is $54.5 million.
Qiwi operates an extensive payment services network in Russia. The company conducted an IPO on NASDAQ in May 2013 and made secondary share placements in October 2013 and May 2014.
Qiwi's charter capital consists of 15,516,573 Class A shares (which confer more votes at shareholder meetings) and 44,902,028 Class B shares.
Qiwi's biggest shareholder is a company controlled by CEO Sergei Solonin, Saldivar Investments, with 59.4% of votes (76.5% of Class A shares), according to Qiwi plc's annual report. Another 9.6% of votes (12.4% of Class A shares) are held by E1 Ltd, whose beneficiary is board chairman Boris Kim, and Mitsui & Co Ltd with 8.6% of votes (11.1%).
Other shareholders with large minority stakes have Class B shares: Otkritie Holding controls 2.8% of votes, Sylebra Capital Management - 2.2%, Platinum Investment Management Limited - 2.1%, Waddell & Reed Financial, Inc - 1.9%, JP Morgan Chase & Co and Capital World Investors - 1.6% each and Janus Capital Management LLC - 1.3%. The remaining shares representing 9% of votes are in free float. Shares are traded on NASDAQ and the Moscow Exchange .