Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
30 June 2023 - 10:55PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF A FOREIGN ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For
June 30, 2023
Commission File Number 001-35893
QIWI plc
12-14 Kennedy Ave.
Kennedy Business Centre, 2nd Floor, Office 203
1087 Nicosia Cyprus
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F
x Form 40-F ¨
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes
¨ No x
If ''Yes'' is marked, indicate below the file
number assigned to the registrant in connection with Rule 12g3-2(b):
Exhibits
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| |
QIWI PLC (Registrant) |
| |
|
| Date: June 30, 2023 |
By: |
/s/ Alexey Mashchenkov |
| |
|
Chief Financial Officer |
Exhibit 99.1
QIWI Provides Update on Corporate Restructuring
NICOSIA,
CYPRUS – June 30, 2023 – QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), a leading
provider of cutting-edge payment and financial services in Russia and the CIS, today commented on the status of its corporate restructuring
plan (“Plan”).
According
to the Plan, the Company contemplated to separate Russian and international parts of the group by the end of June 2023.
Consolidation
of Russian assets
The Company
has executed all legally binding documents for transactions related to the transfer of Russian assets out of its control, and completed
the consolidation of practically all Russian-based assets under JSC QIWI:
| · | ROWI Group of companies, including Factoring Plus LLC and ROWI Tech
LLC |
| · | RealWeb Group of companies, including Managing Company RealWeb
Ltd1, IA RealWeb Ltd, Sfera LLC, Centra
Ltd, Fusion Tech Ltd, De Vision Ltd, Vailmobail LLC, Konversiya LLC, Data Go LLC, Epic Growth LLC |
| · | Billing Online Solutions LLC |
As a result,
as of the day of this press release the Company has indirect control over all of its Russian assets via JSC QIWI. In accordance with the
Plan, the Company plans to completely divest itself of such Russian assets by August 30, 2023.
Formation
of International perimeter
An international
perimeter of QIWI plc has been formed in connection with which the Kazakhstan business has been transferred from JSC QIWI to QIWI plc.
The Company
has successfully completed another milestone of the restructuring process. We will duly inform the market on further developments.
About QIWI plc.
QIWI is a leading provider of cutting-edge payment
and financial services in Russia and the CIS. We stand at the forefront of fintech innovations to facilitate and secure the digitalization
of payments. Our mission is to connect our clients providing unique financial and technological solutions to make the impossible accessible
and simple. We offer a wide range of products under several directions: QIWI payment and financial services ecosystem for merchants and
B2C clients across digital use-cases, ROWI digital structured financial products for SME, digital marketing, and several other projects.
For the FY 2022 QIWI had revenue of RUB 51.5 billion
and an Adjusted EBITDA of RUB 19.8 billion. QIWI's American depositary shares are listed on the NASDAQ and Moscow Exchange (ticker: QIWI).
1 Completion of the transfer of Managing Company RealWeb
Ltd from QIWI PLC to JSC QIWI is awaiting technical registration.
2 Completion of the transfer of MFC Polet Finance LLC from
QIWI PLC to JSC QIWI is subject to mandatory prior regulatory approval. Valuation of MFC “Polet Finance” LLC in total estimate
of Russian assets is less than 0.5% and considered to be insignificant both for the Russian and revised International perimeters.
For more information, visit investor.qiwi.com.
Contact
Investor Relations
+357.25028091
ir@qiwi.com
Forward-Looking Statements
This press release includes
“forward-looking statements” within the meaning of, and subject to the protection of, the Private Securities Litigation Reform
Act of 1995, including, without limitation, statements regarding expected development of the restructuring plan, its timing and others.
Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results,
performance or achievements of QIWI to be materially different from future results, performance or achievements expressed or implied
by such forward-looking statements. Various factors that could cause actual future results and other future events to differ materially
from those estimated by management include, but are not limited to, the macroeconomic conditions in each country of our presence, growth
in each of our markets, competition, the introduction of new products and services and their acceptance by consumers, regulatory approvals
in connection with the implementation of the Plan, QIWI’s ability to estimate the market risk and capital risk associated with
new projects, a decline in net revenue yield, regulation, QIWI’s ability to grow physical and virtual distribution channels, cyberattacks
and security vulnerabilities in QIWI’s products and services, QIWI’s ability to expand geographically, the risk that new
projects will not perform in accordance with its expectations and other risks identified under the Caption “Risk Factors”
in QIWI’s Annual Report on Form 20-F and in other reports QIWI files with the U.S. Securities and Exchange Commission. QIWI
undertakes no obligation to revise any forward-looking statements or to report future events that may affect such forward-looking statements
unless QIWI is required to do so by law.
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