NanduQ voluntarily excludes its ADRs from the listing of the Moscow Exchange. This is stated in the company's message.
On October 3, 2025, the Board of Directors of NanduQ plc approved the decision to file an application for the delisting of American depositary receipts representing ownership rights to the company's Class B shares from Public Joint Stock Company Moscow MICEX-RTS.
This decision was made after a reassessment of the strategic importance of maintaining the ADR listing on the Moscow Stock Exchange.
The Company does not operate in Russia and has not implemented or announced a redomicile. Accordingly, maintaining its listing on the Moscow Stock Exchange is not a strategic priority for the company, which plans to focus on developing its international business and will retain the Astana International Exchange as the main platform for listing its ADRs, the report says.
When approving the delisting application, the company also took into account the third-party share buyback offer submitted by Fusion Factor Fintech Limited on July 8, 2025, which led to a decrease in ADR trading volumes on the Moscow Stock Exchange, as well as the fact that on September 30, 2025, Fusion Factor Fintech Limited announced another share buyback offer by third parties. individuals on the Moscow Stock Exchange at a price of 210 rubles per ADR.
NanduQ plc (formerly QIWI) is a provider of fintech services.
NanduQ's American depositary shares are listed on the Astana International Stock Exchange (ticker: NNDQ).
