Qiwi shareholders did not approve the buyback of shares – Kommersant

Shareholders of the Qiwi group (MOEX: QIWI) at an extraordinary meeting on March 11, they did not approve the buyback of shares, which was planned as part of business restructuring, according to results polls distributed by the group. Qiwi planned to carry out a buyback from the Moscow Exchange and the American NASDAQ.

According to the group, the total number of class A shares entitled to vote at the extraordinary general meeting of shareholders amounted to 10.4 million with a total number of voting rights of 104.1 million. The total number of class B shares amounted to 52.3 million with a total number of 52.3 million voting rights. Each Class A share carries ten votes, and each Class B share carries one vote. Buyback of 3.88 million voters, 111.88 million were against, 108 thousand abstained.

Qiwi plc announced the division of its business into Russian and international segments in June 2023. In January 2024, the group sold the Russian assets of Qiwi JSC (including Qiwi Bank) to the Hong Kong company Fusion Factor Fintech Limited of the former chief executive officer of Qiwi plc Andrey Protopopov. Transaction amount amounted to RUB 23.75 billion It was Qiwi plc, the Qiwi structure that wanted to carry out the buyback, which after the transaction received all the international assets of the group.