Brief: mPay Shareholder Signs Prelim. Deal On Sale Of Its Stake With Techstreet Capital

mPay SA

03/06/2025 06:31

June 3 (Reuters) - mPay SA MPAY.WA:

SAID ON MONDAY SHAREHOLDER GRUPA LEW INFORMED THE COMPANY ABOUT SIGNING A PRELIMINARY CONDITIONAL AGREEMENT FOR SALE OF ITS STAKE IN COMPANY TO TECHSTREET CAPITAL

UNDER SAID AGREEMENT GRUPA LEW HAS AGREED TO SELL 6.9 MLN SHARES IN MPAY TO TECHSTREET CAPITAL

SALE PRICE HAS BEEN SET AT 0.35 ZLOTY PER SHARE WITH ADDITIONAL PREMIUM OF 0.05 ZLOTY IF TECHSTREET CAPITAL GAINS MAJORITY, I.E. A LARGER PACKAGE THAN THE COMBINED STAKE OF LEW GROUP AND ANDRZEJ BASIAK

TECHSTREET CAPITAL TO PROVIDE AT LEAST 2 MLN ZLOTYS FUNDING FOR MPAY'S NEEDS AND NEW PROJECTS

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 (Gdansk Newsroom)

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