Proposed Placing in W.A.G Payment Solutions PLC
TA Associates affiliate selling approximately £30m of ordinary shares via placing.
- Placing size £30m
- Selling Shareholder current holding 118,505,764 shares (17.0%)
- Share nominal value £0.01
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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 £30m worth of ordinary shares of £0.01 each in the Company (the "Placing Shares").
The Selling Shareholder currently owns 118,505,764 shares in the Company, representing approximately 17.0 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 Sole Global Co-Ordinator (as defined below).
The Selling Shareholder has appointed Peel Hunt LLP as Sole Global Co-Ordinator and Joint Bookrunner and WOOD & Company Financial Services, a.s as Joint Bookrunner (together, the "Bookrunners") 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 Bookrunners. 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.