NICOSIA, CYPRUS - August 20, 2024 - QIWI plc (NASDAQ and MOEX: QIWI) ("QIWI", "Group" or the "Company"), an innovative provider of cutting-edge fintech services, today announced that the Board of Directors (the "Board") has authorized the extension of the payment terms for the second installment under the sale agreement executed on January 19, 2024 in respect of Russian assets consolidated under JSC QIWI (the "Transaction").
On August 6, 2024, Fusion Factor Fintech Limited (the "Buyer", a Hong Kong company wholly owned by Mr. Andrey Protopopov) has requested to postpone the payment as certain developments in Russian business1 continue to substantially complicate its ability to timely settle the liability for the second installment.
The Board considered this request and has authorized the extension of the payment terms for the second installment under the Transaction of RUB 11,875 million to November 19th, 2024.
Earlier, on May 6, 2024, the Buyer requested the Board of Directors of QIWI plc to approve an extension for the second payment under the Transaction. The request was confirmed on May 19, 2024, with a deadline set for August 19, 2024.
About QIWI plc.
QIWI Global is an innovative provider of cutting-edge fintech services. We stand at the forefront of fintech innovations to facilitate and secure the digitalization of payments. Our mission is to create adaptive fintech solutions that connect companies and millions of people in the changing world. We offer a wide range of payment and financial service products for merchants and B2C clients across various digital use-cases.
QIWI's American depositary shares are listed on the NASDAQ and Moscow Exchange (ticker: QIWI). For more information, visit qiwi.global.
Contact
Investor Relations
+357.25028091
ir@qiwi.global
1 As it was previously communicated in our press-release of February 26th, 2024 (https://qiwi.global/news-and-events/press-releases/4108587/), Central Bank of Russian Federation has revoked the banking license of QIWI Bank, and funds of the clients of QIWI Bank were frozen until the certain liquidation procedures are completed.
On August 6, 2024, Fusion Factor Fintech Limited (the "Buyer", a Hong Kong company wholly owned by Mr. Andrey Protopopov) has requested to postpone the payment as certain developments in Russian business1 continue to substantially complicate its ability to timely settle the liability for the second installment.
The Board considered this request and has authorized the extension of the payment terms for the second installment under the Transaction of RUB 11,875 million to November 19th, 2024.
Earlier, on May 6, 2024, the Buyer requested the Board of Directors of QIWI plc to approve an extension for the second payment under the Transaction. The request was confirmed on May 19, 2024, with a deadline set for August 19, 2024.
About QIWI plc.
QIWI Global is an innovative provider of cutting-edge fintech services. We stand at the forefront of fintech innovations to facilitate and secure the digitalization of payments. Our mission is to create adaptive fintech solutions that connect companies and millions of people in the changing world. We offer a wide range of payment and financial service products for merchants and B2C clients across various digital use-cases.
QIWI's American depositary shares are listed on the NASDAQ and Moscow Exchange (ticker: QIWI). For more information, visit qiwi.global.
Contact
Investor Relations
+357.25028091
ir@qiwi.global
1 As it was previously communicated in our press-release of February 26th, 2024 (https://qiwi.global/news-and-events/press-releases/4108587/), Central Bank of Russian Federation has revoked the banking license of QIWI Bank, and funds of the clients of QIWI Bank were frozen until the certain liquidation procedures are completed.
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