Proposed Placing in W.A.G Payment Solutions PLC
TA Associates affiliate to sell approximately £50m of shares via placing.
- Placing size £50m
- Selling Shareholder current holding 179,505,764 shares (25.9% of issued share capital)
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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
PROPOSED PLACING OF ORDINARY SHARES IN W.A.G PAYMENT SOLUTIONS PLC
("EUROWAG" OR THE "COMPANY")
Bock Capital EU Luxembourg WAG S.à r.l., an affiliate of TA Associates Management, L.P. (the "Selling Shareholder"), announces its intention to sell approximately £50m worth of ordinary shares of £0.01 each in the Company (the "Placing Shares").
The Selling Shareholder currently owns 179,505,764 shares in the Company, representing approximately 25.9 per cent. of the Company's issued share capital.
The Selling Shareholder has agreed not to sell or otherwise dispose of any of its residual holding of ordinary shares in the Company for 90 days post settlement of the Placing, subject to certain customary exceptions and/or waiver by the Bookrunner (as defined below).
The Selling Shareholder has appointed Peel Hunt LLP as Sole Bookrunner ("Peel Hunt" or the "Bookrunner") in respect of the Placing.
The timing for the close of the bookbuild process and the distribution of allocations are at the absolute discretion of the Bookrunner. The results of the Placing will be announced as soon as practicable thereafter.
The Company is not party to the Placing and will not receive any proceeds from the Placing.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.