The company said that each QIWI ADR represents one ordinary share and has been admitted to trading on Micex under the proposed symbol ‘QIWI’.
As per the prevalent Russian financial regulations, a domestic listing of foreign securities can be permitted, if a company is trading on a recognized exchange.
QIWI chief operating officer Alexander Karavaev said that the admission of the company’s securities for trading at Moscow Exchange, will enable the firm to boost its investors’ base.
Previously, the New York based firm served as a depositary bank for QIWI’s ADR program on Nasdaq.
Operating as an electronic payment service provider in Russia and the Commonwealth of Independent States, QIWI’s integrated network facilitates payment services throughout physical, online and mobile channels.
Serving as depositary bank for over 2,700 American and global depositary receipt programs, BNY Mellon assists securities issuers access the world’s swiftly evolving financial markets and delivers a complete suite of depositary receipt services.
