Brief: Ease2pay Enters Into Deal To Acquire Involtum

Ease2pay NV

29/11/2021 06:05

Nov 29 (Reuters) - EASE2PAY NV  EAS2P.AS :
    * EASE2PAY ANNOUNCES INTENDED ACQUISITION OF INVOLTUM AND
CAPITAL
RAISE TO ACCELERATE GROWTH
    * CERTAIN EXISTING EASE2PAY AND INVOLTUM SHAREHOLDERS
COMMITMENT
TO SUBSCRIBE FOR NEW SHARES FOR AN AMOUNT OF EUR 6,375,000 TO
ACCELERATE GROWTH OF COMBINED COMPANY
    * ACQUISITION OF 100% OF SHARES OF INVOLTUM HOLDING B.V. FOR
10,714,792 TO BE NEWLY ISSUED SHARES OF EASE2PAY
    * COMBINATION OF EASE2PAY AND INVOLTUM ACTIVITIES IN LINE
WITH
GROWTH STRATEGY AND REPRESENTS NEXT STEP TOWARDS EV CHARGING
BUSINESS
    * THROUGH THIS TRANSACTION, EASE2PAY EXPECTS TO BENEFIT FROM
STRONG TRENDS SUPPORTING GROWTH OF SELF-SERVICE BY OFFERING IOT
AND MOBILE PAYMENTS SOLUTIONS TO A WIDER RANGE OF SECTORS
    * INTENDS TO ISSUE 2,108,344 NEW NON-LISTED SHARES TO
CERTAIN
MAJOR SHAREHOLDERS OF COMPANY AND CERTAIN SHAREHOLDERS OF
INVOLTUM FOR AN AGGREGATE AMOUNT OF EUR 6,375,000
    * ISSUE PRICE OF THE PRIVATE PLACEMENT WILL BE € 3.02
    * FOLLOWING TRANSACTION AND PRIVATE PLACEMENT, INVOLTUM
SHAREHOLDERS ARE EXPECTED TO HOLD APPROXIMATELY 46,4% OF
OUTSTANDING SHARES IN COMPANY

Source text for Eikon:  ID:nGNE1SHbBT 
Further company coverage:  EAS2P.AS 

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