QIWI PLC Notified of Anticipated Delisting from The Nasdaq Stock Market

Rhea-AI Summary

The Nasdaq Stock Market (NDAQ) announced that QIWI PLC's (QIWI) securities will be delisted on March 24, 2023, unless an appeal is made to a Listing Qualifications Hearings Panel. The trading of QIWI's securities is currently halted and will remain so until any appeal is resolved. Following delisting, the securities may trade on the over-the-counter market. Nasdaq will file a Form 25 with the SEC to formalize the delisting, which takes effect ten days after filing. For additional information regarding the delisting and trading status, parties are advised to consult QIWI's public filings or contact the company directly.

Positive

• None.

Negative

• Delisting of QIWI's securities from Nasdaq, effective March 24, 2023.
• Current trading of QIWI's securities is halted, impacting liquidity.

NEW YORK, March 15, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified QIWI PLC (Nasdaq: QIWI) that its securities will be delisted from the Nasdaq Stock Market LLC on March 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market. 

Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delistings. The delistings become effective ten days after the Form 25 is filed. For news and additional information about the companies, including the basis for the delisting and whether the companies’ securities are trading on another venue, please review the companies’ public filings or contact the company directly.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

-NDAQO- 

 

FAQ

Why is QIWI PLC being delisted from Nasdaq?

QIWI PLC is being delisted due to compliance issues, with the delisting effective on March 24, 2023.

What happens to QIWI's stock after delisting?

After delisting, QIWI's securities may be eligible for trading in the over-the-counter market.

When will QIWI's delisting become effective?

QIWI's delisting will become effective on March 24, 2023, unless an appeal is made.

How will QIWI PLC's delisting affect its shareholders?

Shareholders may face reduced liquidity and potential losses if QIWI's stock is no longer traded on Nasdaq.

Where can I find more information about QIWI PLC's delisting?

More information about QIWI's delisting can be found in its public filings or by contacting the company directly.