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WPAY Westpay AB News Story

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Brief: Westpay Announces Directed Issue, EGM Regarding Additional Issue Proposal

May 22 (Reuters) - Westpay AB WPAY.ST:

ANNOUNCES DIRECTED SHARE ISSUE AND EXTRAORDINARY GENERAL MEETING FOLLOWING A SHAREHOLDER PROPOSAL FOR AN ADDITIONAL DIRECTED SHARE ISSUE

SHARE ISSUE AMOUNTS TO NO MORE THAN 8,639,532 SHARES AT A PRICE OF SEK 0.86 PER SHARE

THROUGH SHARE ISSUE, WESTPAY MAY RECEIVE UP TO APPROXIMATELY SEK 7,429,997 IN TOTAL BEFORE TRANSACTION COSTS

ADDITIONAL DIRECTED SHARE ISSUE OF NO MORE THAN 2,720,928 SHARES, AT A PRICE OF SEK 0.86 PER SHARE

TOGETHER, SHARE ISSUES WILL AMOUNT UP TO APPROXIMATELY SEK 9,769,995 IN TOTAL PROCEEDS

Source text: ID:nMFN7CQQKX

Further company coverage: WPAY.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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