NICOSIA, CYPRUS – November 22, 2024 – QIWI plc (AIX 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 and third installments under the sale agreement executed on January 19, 2024 in respect of Russian assets consolidated under JSC QIWI (the “Transaction”).
On November 14, 2024, Fusion Factor Fintech Limited (the “Buyer”, a Hong Kong company wholly owned by Mr. Andrey Protopopov) requested a deferral of the second and third installments, citing ongoing challenges in its Russian business operations1 that continue to significantly hinder its ability to timely settle its payment obligations. The Buyer also informed the Company that it is engaged in negotiations with Russian regulatory authorities and other counterparties to agree on the optimal way of settling the liability. The Buyer has committed to make its best efforts to settle all its obligations under the share purchase agreement at the same time, including those that will not have become due at that time.
The Board considered this request and authorized the extension of the payment term for the second and third installments under the Transaction, amounting to RUB 11,875 million and RUB 2,969 million, respectively, to May 31, 2025.
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 Astana International Exchange and Moscow Exchange (ticker: QIWI). For more information, visit qiwi.global.
Contact
Investor Relations
+357.25028091
ir@qiwi.global
On November 14, 2024, Fusion Factor Fintech Limited (the “Buyer”, a Hong Kong company wholly owned by Mr. Andrey Protopopov) requested a deferral of the second and third installments, citing ongoing challenges in its Russian business operations1 that continue to significantly hinder its ability to timely settle its payment obligations. The Buyer also informed the Company that it is engaged in negotiations with Russian regulatory authorities and other counterparties to agree on the optimal way of settling the liability. The Buyer has committed to make its best efforts to settle all its obligations under the share purchase agreement at the same time, including those that will not have become due at that time.
The Board considered this request and authorized the extension of the payment term for the second and third installments under the Transaction, amounting to RUB 11,875 million and RUB 2,969 million, respectively, to May 31, 2025.
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 Astana International Exchange and Moscow Exchange (ticker: QIWI). For more information, visit qiwi.global.
Contact
Investor Relations
+357.25028091
ir@qiwi.global
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