QIWI Issues Statement Regarding Otkritie's Partial Tender Offer
June 19 2017 - 8:00AM
QIWI plc, (NASDAQ:QIWI) (MOEX:QIWI) (“QIWI” or the “Company”) today
announced that it has been informed that on June 16, 2017, Otkritie
Holding JSC (“Otkritie Holding”) and Otkritie Investments Cyprus
Limited (“OICL” and, together with Otkritie Holding, the
“Offerors”) commenced a tender offer to purchase for cash up to
24,794,253 class B shares of QIWI at a purchase price of $28.00 per
class B share. Otkritie Holding has reported that it currently
beneficially owns approximately 6.58% of the outstanding shares of
QIWI.
The tender offer is under consideration by the members of the
Board of Directors of QIWI (the "Board").
On or before June 30, 2017 (being the 10th business day from
commencement of the tender offer), QIWI intends to file with the
United States Securities and Exchange Commission a
solicitation/recommendation statement on Schedule 14D-9 in which it
will advise QIWI shareholders whether the Board recommends
acceptance or rejection of the tender offer, expresses no opinion
and remains neutral toward the tender offer, or is unable to take a
position with respect to the tender offer, as well as setting forth
the Board's reasons as for its position (or inability to take a
position) with respect to the tender offer.
Accordingly, QIWI shareholders are requested to defer making any
determination whether to accept or reject such tender offer until
they have been advised of the Board's position with respect to the
tender offer.
Shareholders may obtain the Solicitation/Recommendation
Statement (when it becomes available) and any other materials filed
by QIWI with the SEC at the SEC's web site, www.sec.gov.
Shareholders may also obtain, without charge, a copy of the
Solicitation/Recommendation Statement and other materials (if and
when they become available) by directing a request to QIWI, Kennedy
12, Kennedy Business Centre, 2nd floor, P.C. 1087, Nicosia, Cyprus,
Attn: Investor Relations.
About QIWI
QIWI is a leading provider of next generation payment services
in Russia and the CIS. It has an integrated proprietary network
that enables payment services across physical, online and mobile
channels. It has deployed over 18.0 million virtual wallets, over
157,000 kiosks and terminals, and enabled merchants to accept over
RUB 69 billion cash and electronic payments monthly from
approximately 53 million consumers using its network at least once
a month. QIWI’s consumers can use cash, stored value and other
electronic payment methods to order and pay for goods and services
across physical or online environments interchangeably.
Forward-Looking Statements
This news release may include "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995 and other federal securities laws. These statements are
based on current expectations and are subject to a number of risks
and uncertainties that could cause actual results to differ
markedly from those projected or discussed here. QIWI cautions
readers not to place undue reliance upon any such forward-looking
statements, for actual results may differ materially from
expectations. QIWI does not update publicly or revise any
forward-looking statements even if experience or future changes
make it clear that any projected results expressed or implied
therein will not be realized. Further information on the types of
factors that could affect QIWI and its business can be found in the
Company's filings with the SEC.
Contact
Varvara Kiseleva
Investor Relations
+357.25028091
ir@qiwi.com
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