Moscow Exchange will transfer Qiwi receipts to the third level of listing – Kommersant
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Moscow Exchange (MOEX: MOEX) January 29 will transfer receipts to Qiwi (MOEX: QIWI) from the first level of listing to the third, reported trading platform. The company’s share repurchase program will approved at an extraordinary meeting of shareholders on March 11.
As the basis for the decision to change the listing level, the Moscow Exchange indicated “the occurrence of other significant events that may affect the conduct of trading in securities on the Exchange (disclosure by the issuer of information about the sale of a Russian business).”
January 19 Qiwi announced, which will sell its assets in Russia to the Hong Kong company Fusion Factor Fintech Limited, owned by Chief Executive Officer Andrey Protopopov. The transaction amount will be 23.7 billion rubles. After the sale of assets, Qiwi plc planned to repurchase its American depositary shares from NASDAQ and the Moscow Exchange. Qiwi plc announced the division of its business into Russian and international segments in June 2023.
Read more in the Kommersant FM article. “The Central Bank took a closer look at Qiwi wallets”.
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