QIWI plc (NasdaqGS:QIWI) announces a share repurchase program. Under the program, the company will repurchase up to 6,271,297 Class B shares, representing 10% of its share capital for RUB 0.003644 million. The price to be paid for repurchase is RUB 51 per share.

The purpose of the program is to provide additional liquidity to the shareholders. The repurchased shares will be held as treasury stock, subsequently used for M&A activities of the company or cancelled within 2 years of the repurchase. The program is subject to approval from shareholders in the Extra Ordinary General Meeting to be held on March 11, 2024.

The plan will be valid for 12 months from the date of authorization from shareholders.