Platinum Investment Management acquires 4.5% stake in QIWI, 0.75% of voting shares
MOSCOW. May 12 (Interfax) - Australia's Platinum Investment Management has become the owner of 2.35 million Class B shares in QIWI, which manages Russia's largest payment system, the company said in an official statement.
This is equivalent to 10.2% of the Class B shares issued. The fund's share of the overall shares issue, including Class A shares, increased to 4.5%, while voting shares grew to 0.748%.
QIWI, formerly OE Investments Ltd., manages Russia's largest payment system. The group includes LLC Qiwi Koshelek, payment service QIWI (merged CJSC QIWI and CJSC E-port), Qiwi Bank, lottery organizer LLC Lotto Integrator, cash register manufacturer LLC Pay Kiosk and LLC Direct Contact (QIWI-Reklama), a company that places advertisements on payment terminals.
QIWI's charter capital consists of 29,098,464 ordinary Class A shares and 23,020,148 Class B shares, which are in free flow. One Class A share has 10 votes, while one class B share has one.
