January 8, 2021
THIS PRESS RELEASE AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND NOT FOR PUBLIC RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS PRESS RELEASE.
THIS PRESS RELEASE CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.
Ease2pay announces it has closed a €1.3 million private placement
of shares with its principal shareholders
Proceeds from the placement to support debt reduction and growth acceleration
Rotterdam, The Netherlands, January 8, 2021 – Ease2pay N.V. (“Ease2pay” or the “Company”) (Euronext Amsterdam: EAS2P), a payment services provider focusing on easing payments for customers and merchants in the mobility sector, today announces that it has closed a €1,310,210 private placement of 1,310,210 newly issued ordinary shares at a subscription price of €1.00 per share with its principal existing shareholders: The Internet of Cars v.o.f., Arkelhave Capital B.V. and Cross Options International XI B.V.
As of today all 1,310,210 of the newly issued shares were admitted to listing and trading on Euronext Amsterdam. Ease2pay plans to use to the proceeds of the private placement to repay the Company’s outstanding shareholder loan and accrued interest in the amount of c. €678k, accelerate Ease2pay’s growth by expanding the Company’s partner network and market coverage and fund general corporate purposes and working capital needs.
Jan Borghuis, Ease2pay director commented: “We are very pleased to have successfully completed this private placement. The funds generated will allow us to accelerate Ease2pay’s growth, build out our partner network and bring our mobility payment and loyalty platform to new market sectors. This new investment in Ease2pay by the Company’s principal shareholders demonstrates confidence in our strategy to deliver shareholder value through organic growth and capitalising on suitable strategic transactions opportunities.”
About Ease2pay NV
Ease2pay is an innovative payment service provider seeking to make electronic payments cheaper for both consumers and retailers. Ease2pay’s proprietary mobile payment and loyalty platform turns every smartphone into a secure pin terminal via an app that allows consumers to order, pay and save using their smartphones, eliminating the need for point of sale equipment.
Ease2pay is listed on the regulated market of Euronext Amsterdam, under the symbol EAS2P. Learn more at www.ease2pay.eu.
Ends
Ease2pay Contacts:
Jan Borghuis: +31 (0)10 3074619
Email: corporate@ease2pay.nl
Corporate website: www.ease2paynv.com
This press release is released by the Company and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the private placement, and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this press release is being made on behalf of the Company by Jan Borghuis, Member of Management Board.
Forward Looking Statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect Ease2pay’s or, as appropriate, Ease2pay’s officers’ current expectations and projections about future events. By their nature, forward-looking statements involve a number of known and unknown risks, uncertainties and assumptions that could cause actual results, performance, achievements or events to differ materially from those expressed, anticipated or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, regulation, competition and technology, can cause actual events, performance, achievements or results to differ significantly from any anticipated or implied development. Forward-looking statements contained in this press release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. As a result, Ease2pay expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this press release as a result of any change in expectations or projections, or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Ease2pay or any of its officers or employees cannot guarantee that the assumptions underlying such forward-looking statements are free from errors and do not accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the anticipated or implied developments. You should not place undue reliance on forward looking statements, which speak only as of the date of this press release.
Important Notices
This press release is for information purposes only and shall not constitute an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unauthorised or unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any failure to comply with these restrictions may constitute a violation of the securities law of any such jurisdiction.
The new shares issued in connection with the private placement have not been and will not be registered under the U.S. Securities Act 1933, as amended (the "U.S. Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, delivered or transferred, directly or indirectly, in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States.
The distribution of this press release and the offering of the new shares in certain jurisdictions may be restricted by law. No action has been taken by the Company that would permit an offering of such shares or possession or distribution of this press release or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required to inform themselves about, and to observe such restrictions.
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