Results of Placing in W.A.G Payment Solutions PLC
TA Associates affiliate sold 61m shares (8.8% of capital) at £0.92 per share via placing.
- Shares placed 61,000,000
- Placing price £0.92 per share
- Percentage of issued capital 8.8%
- Seller's holding post-placing 118,505,764 shares (17.1%)
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PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.
RESULTS OF 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 that, further to the announcement released yesterday, it has sold a total of 61,000,000 ordinary shares of £0.01 each in the Company (the "Placing Shares") at a price of £0.92 per Placing Share (the "Placing"). The Placing Shares in aggregate represent approximately 8.8 per cent. of the Company's issued share capital.
On completion of the Placing, the Selling Shareholder will hold 118,505,764 ordinary shares in the Company, representing approximately 17.1 per cent. of the Company's issued share capital and which will be subject to a 90-day lock up undertaking (itself subject to certain customary exceptions and/or waiver by the Bookrunner (as defined below)).
The proceeds of the Placing are payable in cash on usual settlement terms, and closing of the Placing is expected to occur on a T+2 basis on 29 September 2025.
Peel Hunt LLP acted as Sole Bookrunner ("Peel Hunt" and/or the "Bookrunner") in respect of the Placing.
The Company is not party to the Placing and will not receive any proceeds from the Placing.
| ENQUIRIES Peel Hunt LLP (Sole Bookrunner) Neil Patel / Benjamin Cryer Sohail Akbar / Nicolas Wilks | +44 (0)20 7418 8900 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.