DGAP-Adhoc: MyBucks S.A.: MyBucks Announces Significant Progress In Debt Recapitalization

DGAP-Ad-hoc: MyBucks S.A. / Key word(s): Capital Increase 
MyBucks S.A. Announces Significant Progress In Debt Recapitalization 
 
22-Oct-2019 / 17:16 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 
 
*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. Announces Significant Progress In Debt Recapitalization* 
 
*- Key regulatory approvals for Debt Recapitalization obtained* 
 
*- Administrative processes to achieve share issuance expected to complete 
by 31 December 2019* 
 
*- Annual Financial Statements for the period ending 30 June 2019 expected 
to be published by 30 November 2019* 
 
*Luxembourg, October 22, 2019* - Frankfurt-listed Fintech MyBucks S.A. 
("*MyBucks*" or the "*Company*") today announced that key regulatory 
approvals for its debt recapitalization for EUR 53,395,174 (the "*Debt 
Recapitalization*") were obtained. The Company expects to conclude the 
administrative processes related to share issuances by no later than 31 
December 2019. Ecsponent Limited has today published its circular for its 
shareholders to approve the Debt Recapitalization on 20 November 2019, for 
which irrevocable undertakings to approve the transaction have been obtained 
removing the residual uncertainty to the Debt Recapitalization. 
 
As a result of the timing of the approvals, MyBucks expects to publish its 
Annual Financial Statements by 30 November 2019. MyBucks continues talks 
with other stakeholders to increase the volume of the Debt Recapitalization 
and subsequent to the completion of the Debt Recapitalization, MyBucks 
intends to engage on the proposed rights offer in 2020 at a ratio of at 
least 5 new shares per every 1 share currently owned to compensate 
shareholders for the dilutive effect of the Debt Recapitalization. 
 
ENDS 
 
*About MyBucks * 
 
MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers 
financial services through technology. MyBucks operates in six African 
countries through its brands GetBucks, GetSure, MBC, 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: [e-mail] 
Public relations: [e-mail] 
*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. 
 
22-Oct-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:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.mybucks.com 
ISIN:        LU1404975507 
WKN:         A2AJLT 
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt 
             (Scale), Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 894367 
 
End of Announcement DGAP News Service 
 
894367 22-Oct-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=3b4ac1030ad9a2a27694bc72cbb5b0ee&application_id=894367&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

October 22, 2019 11:16 ET (15:16 GMT)