A number of top managers and major shareholders of the company Qiwi will be sold on the stock exchange Nasdaq to 9,427 million company shares, stated in the Qiwi prospectus; the total value of the shares is estimated at 305,4 million dollars.
According to the prospectus, offered for free purchase on the exchange 8,197 million class B shares, yet 1,23 million shares will be offered as an option for purchase by the organizers of the placement - banks Credit Suisse and VTB Capital. The price of shares offered for placement, based on their Nasdaq average price as of 20 September, amounted to 305,4 million dollars.
For the purpose of sale, holders of Class A voting shares convert them into Class B non-voting shares..
The shares will be sold by several major shareholders and managers of Qiwi. Among them is the chairman of the board of directors of the company Andrey Romanenko, he will sell 774,889 thousand shares of a class A company. Qiwi CEO Sergey Solonin will sell 400 thousand shares, members of the Board of Directors Andrey Muravyov, Igor Mikhailov and Boris Kim— 869,565 thousands of shares, 268,010 thousands and 30,435 thousands of shares respectively.
After the implementation of the sale of shares, including option, share of voting shares, belonging to Solonin, will grow from 33,1% to 40,5%. Share of votes, owned by Kim, will also increase from 8,4% to 10,6%. The shares of the votes of the remaining selling shareholders will decrease: Romanenko — to 8,5% against 8,9%, Muraviev - before 4,4% against 6%, Mykhailova - to 2,9% against 3,1%.
Besides, Mail.ru Group will sell 2,08 million shares, reducing its voting share from 19,6% to 17,3%. Japanese Mitsui & Co will sell 3,5 million shares, reducing the number of votes belonging to it by almost three times - from 14,4% to 5,5%.
