Proposed Placing in W.A.G Payment Solutions
Bock Capital EU Luxembourg WAG S.à r.l., an affiliate of TA Associates Management, L.P., intends to sell its entire remaining stake in W.A.G Payment Solutions PLC, comprising approximately 88.5 million ordinary shares, representing about 12.7% of the company's issued share capital. This sale will be conducted through an accelerated bookbuild process to institutional investors, with Peel Hunt LLP acting as Sole Global Co-Ordinator and Joint Bookrunner, and WOOD & Company Financial Services, a.s. as Joint Bookrunner. The company itself is not a party to this placing and will not receive any proceeds.
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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 88.5m ordinary shares of £0.01 each in the Company (the “Placing Shares”) being its full remaining interest in Eurowag.
The Selling Shareholder currently owns 88,505,764 shares in the Company, representing approximately 12.7 per cent. of the Company's issued share capital.
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.