NICOSIA, CYPRUS — October 6, 2025 — NanduQ plc (AIX: NNDQ and MOEX: QIWI) (“NanduQ”, “Group” or the “Company”), an innovative provider of cutting-edge fintech services, today announces that on 3 October 2025 its Board of Directors approved the decision to apply for a delisting of the American depositary receipts (ISIN: US74735M1080, CFI: ESVUFA), representing interests in the Company’s class B shares (the “ADRs”), from the Public Joint-Stock Company “Moscow Exchange MICEX-RTS” (the “MOEX”).
This decision was adopted following a reassessment of the strategic relevance of maintaining the ADR listing on MOEX. The Company has currently no operational activities in Russia and has neither carried out nor declared a redomiciliation. Accordingly, the continuous listing on MOEX is not a strategic priority for the Company which plans to focus on the development of its international business and will keep Astana International Exchange as the key listing venue for its ADRs.
In approving the application for the delisting, the Company also took into account a third-party tender offer completed by Fusion Factor Fintech Limited on 8 July 2025 which resulted in the decrease of the Moscow Exchange ADR trading volumes and that, on 30 September 2025, Fusion Factor Fintech Limited has announced another third-party tender offer to purchase any and all outstanding ADRs on MOEX for the purchase price of RUB 210 per ADR (“Tender Offer”). Please refer to the following link for more information about the Tender Offer: https://www.fusion-factor.com/tender-offer. Please also see the following press-release regarding the awareness of the Company of the Tender Offer: https://nanduq.com/news-and-events/press-releases/4108611/.
It is expected that the delisting application will be filed by the Company today. The delisting process will be carried out in accordance with the MOEX procedures. The effective date of delisting will be announced once confirmed by MOEX.
About NanduQ plc.
NanduQ plc is an innovative provider of cutting-edge fintech services. We stand at the forefront of fintech innovations to facilitate and secure the digitalization of payments. Our mission is to create adaptive fintech solutions that connect companies and millions of people in the changing world. We offer a wide range of payment and financial service products for merchants and B2C clients across various digital use-cases. NanduQ’s American depository shares are listed on the Astana International Exchange (ticker: NNDQ and Moscow Exchange (ticker: QIWI). For more information, visit nanduq.com.
Contact
Investor Relations
ir@nanduq.com
Forward-Looking Statements
This press release contains forward-looking statements. Statements in this press release, whether express or implied, that are not statements of historical fact are considered forward-looking statements, including, without limitation, statements that include the words “plan,” “believe,” “expect,” “goal,” “intend,” “hope,” “possibly,” “assume,” “estimate,” “forecast,” “will,” “may,” “might,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or their negative forms. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
The Company makes no representation, warranty or prediction that the results anticipated in such forward-looking statements will be achieved, and such forward-looking statements in each case represent only one of many possible scenarios and should not be considered the most likely or standard scenario. Company undertakes no obligation to revise any forward-looking statements or to report future events that may affect such forward-looking statements. Accordingly, the Company’s shareholders are cautioned not to place undue reliance on these forward-looking statements.