MyBucks S.A.: Completes share issuance process for strategic acquisitions
MyBucks completes share issuance process for strategic acquisitions
- 400 000 new shares issued to Opportunity, Inc.
- 117 613 new shares issued to shareholders of Fair Go Finance
Luxembourg, 31 March 2017 - Frankfurt-listed FinTech, MyBucks S.A., today announced that it completed the share issuance process in terms of issuing 400,000 new shares to Opportunity, Inc. and 117,613 shares to shareholders of Fair Go Finance as per the terms previously announced.
MyBucks issued 250,000 shares to Opportunity, Inc. in light of the Relationship and Trademark License Agreement concluded in October 2016 at a share price of EUR 18,90 for a valuation of EUR 4,725,000. Further to that - it partially paid for the acquisition of shares in Opportunity Bank of Uganda Limited, concluded on 1 October 2016, and for the acquisition of shares in Banco Oportunidade de Moçambique, S.A.. on 1 July 2016 through the issuance of 150,000 shares in MyBucks S.A. at an average share price of EUR 18.48
Finally, MyBucks issued 117,613 shares at EUR 17,70 per share to the shareholders of Fair Go Finance (Pty) Limited for their sale of 75% of the shares in the Company for a consideration of EUR 2,081,750. As a result of completing these transactions, MyBucks will increase the issued share capital of the company from 11,148,000 to 11,655,613.
MyBucks S.A. (WKN: A2AJLT, ISIN: LU1404975507, Ticker Symbol: MBC: GR) is a FinTech company based in Luxembourg that delivers seamless financial services through technology. Through its brands GetBucks, GetSure and Opportunity Bank the company offers unsecured consumer loans, banking solutions as well as insurance products to customers. MyBucks has experienced exponential growth since its inception in 2011 and today has operations in twelve African and two European countries as well as in Australia. MyBucks aims to ensure that its product offering is accessible, simple and trustworthy, in comparison to traditional, non-technological methods, ultimately working towards enhancing the benefits to the customer. The MyBucks' product offering enables customers to manage their financial affairs easily and conveniently. Discover more at www.mybucks.com.
31.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English
Company: MyBucks S.A. 14, rue Edward Steichen L-2540 Luxembourg
Grand Duchy of Luxembourg Phone: +352 2088 2123 Fax: +27 86 537 2010 E-mail: firstname.lastname@example.org Internet: www.mybucks.com ISIN: LU1404975507 WKN: A2AJLT Listed: Open Market (Scale) in Frankfurt End of News DGAP News Service