DGAP-Ad-hoc: MyBucks S.A. / Key word(s): Capital Increase
MyBucks S.A. increases size of proposed capital increase against
contributions in kind
20-May-2019 / 15:26 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Disclosure of an inside information according to Art. 17 MAR*
MyBucks S.A. / Key word(s): Capital Increases/Personnel
*NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR IN WHICH THE OFFERING OF
SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. OTHER RESTRICTIONS ARE
ALSO APPLICABLE.*
*MyBucks S.A. increases size of proposed capital increase against
contributions in kind *
? *Firm commitment from another key shareholder to contribute further
EUR8,250,000 to announced contribution in-kind capital increase*
? *Notice and board report for extraordinary general meeting of the
Company to be held on 4 June 2019 published*
*Luxembourg, May 20, 2019* - The Board of Directors ("*Board*") of
Frankfurt-listed FinTech MyBucks S.A. ("*MyBucks*" or "*Company*") has
resolved to increase the amount of the intended recapitalization of the
Company as previously announced on 26 March 2019 by further EUR8,250,000. As
a result, the Board will propose to its shareholders at the extraordinary
general meeting of the Company to be held on 4 June 2019 ("*EGM*") to
increase the Company's share capital from currently EUR12,715,613 by
EUR53,095,175 to EUR65,810,788 in total against issuance of 53,095,175 new
shares in the Company at EUR1.00 per share from a capital increase against
contribution in kind ("*Recapitalization*").
As part of the Recapitalization, the Company has agreed to acquire a 11.2%
stake in TLG Africa Limited ("*TLG Africa*") for EUR4,800,000 against the
issuance of 4,800,000 new shares in the Company to Infinitum Ltd.
("*Acquisition*"). The Company further expects to improve upon its funding
rates from parties related to TLG Africa as a result of the Acquisition. In
addition, Infinitum Ltd. has also agreed to settle further EUR3,450,000 in
claims through the issuance of 3,450,000 new shares in the Company. This
Transaction with Infinitum Ltd is contingent on the completion of the
transactions contemplated in the Announcement of 26 March 2019.
MyBucks continues talks with other stakeholders and has today published the
notice and board report for its EGM. Subsequent to the completion of the
Recapitalization, MyBucks intends to maintain the proposed rights offering
as announced on 26 March 2019 in which shareholders will be offered 5 new
shares per every 1 share currently owned by each shareholder to compensate
the shareholders for the dilutive effect of the Recapitalization.
ENDS
*About MyBucks *
MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers
financial services through technology. MyBucks operates in eleven African
countries and in Australia through its brands Fair Go Finance, GetBucks,
GetSure, MBC, NFB and Opportunity Bank. The Group offers credit, banking
solutions and insurance products to customers. The MyBucks product offering
enables customers to manage their financial affairs easily and conveniently.
Discover more at http://www.mybucks.com [1]
*Contact:*
Investor related matters: investors@mybucks.com
Public relations: pr@mybucks.com
*Important Notice:*
_This publication does not constitute an offer of securities for sale or a
solicitation of an offer to purchase or subscribe securities of MyBucks S.A.
in the United States, Germany or any other jurisdiction. _
This publication is not intended, either directly or indirectly, for
dissemination or distribution to the USA or within the USA (including its
territories and possessions, a U.S. federal state and the District of
Columbia) and may not be distributed or forwarded to 'U.S. persons' (as
defined in Regulation S of the U.S. Securities Act of 1933 in the applicable
version ('Securities Act')) or to publications which are widely available in
the USA. This publication does not constitute an offer - or a request to
issue an offer - to buy or acquire securities in the USA, nor is it part of
such an offer or request. The securities are not and will not be registered
in accordance with the provisions of the Securities Act and may only be sold
or offered for purchase in the USA with prior registration in accordance
with the provisions of the Securities Act in the version currently
applicable or, in the absence of prior registration, if an exemption is
granted. MyBucks S.A. does not intend to make a public share offer in the
USA.
_Subject to certain exceptions under applicable securities laws, the
securities referred to in this publication may not be offered or sold in
Canada, Australia or Japan or to, or for the account or benefit of, any
national, resident or citizen of Canada, Australia or Japan._
_No action has been taken that would permit an offering of securities or
their subscription or the distribution of this publication in any
jurisdiction where such offering, subscription or distribution is
prohibited. Persons who obtain this publication are required to inform
themselves about potential restrictions and to observe any such
restrictions._
This publication contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of MyBucks S.A. and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance
or events may differ materially from those described herein due to factors
affecting MyBucks S.A. such as, among other things, changes in the general
economic and competitive environment, capital market risks, currency
exchange rate fluctuations and competition from other companies, and changes
in international and national laws and regulations, in particular with
respect to tax laws and regulations. MyBucks S.A. does not assume any
obligation to update any forward-looking statements.
_The information contained in this publication is for background purposes
only and does not purport to be full or complete. No reliance may be placed,
for any purpose, on the information contained in this publication or its
accuracy or completeness. The information in this publication is subject to
change._
Neither the bank nor any of their directors, officers, employees, advisers
or agents accept any responsibility or liability whatsoever for or make any
representation or warranty, express or implied, as to the truth, accuracy or
completeness of the information in this publication (or whether any
information has been omitted from the publication) or, with limited
exception, other information relating to MyBucks S.A., its subsidiaries or
associated companies, whether written, oral or in a visual or electronic
form, and independent from how it was transmitted or made available, or for
any loss in any way arising from any use of this publication or its contents
or otherwise arising in connection therewith.
20-May-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: MyBucks S.A.
9 rue du Laboratoire
L-1911 Luxembourg
Luxemburg
Phone: +352 2088 2123
Fax: +27 86 537 2010
E-mail: info@mybucks.com
Internet: www.mybucks.com
ISIN: LU1404975507
WKN: A2AJLT
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Scale), Munich, Stuttgart, Tradegate Exchange
EQS News ID: 813535
End of Announcement DGAP News Service
813535 20-May-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3b4ac1030ad9a2a27694bc72cbb5b0ee&application_id=813535&site_id=vwd&application_name=news
(END) Dow Jones Newswires
May 20, 2019 09:26 ET (13:26 GMT)
