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Diginex Provides Update on Acquisition Strategy
LONDON, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (NASDAQ: DGNX) (“Diginex”), a leading provider of Sustainability RegTech solutions, today provided
About this update from Diginex Limited
[{"type":"text","content":"LONDON, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Diginex Limited (NASDAQ: DGNX) (“Diginex”), a leading provider of Sustainability RegTech solutions, today provided an update on its acquisition strategy. Matter DK ApS (“Matter”) On August 18, 2025, Diginex signed a definitive agreement for an all-share acquisition of Matter, an innovative ESG data company focused on delivering sustainability data and analytics solutions to the investment industry and helping financial institutions understand and communicate the sustainability of investments. Matter is based in Copenhagen, Denmark, and counts a subsidiary of NASDAQ as its main strategic investor. The transaction values the equity of Matter at $13 million, which will be paid through the issuance of Diginex ordinary shares valued at $83.77 per ordinary share, which shares are subject to an 18-month lock-up period. In connection with the transaction, senior management of Matter will be granted additional ordinary shares of Diginex valued at $2.5 million, also valued at $83.77 per ordinary share, that vest in equal proportions over 12 and 24 months. The transaction is expected to close later within the next 30 days, subject to customary closing conditions. The number of Diginex ordinary shares associated with this transaction will be adjusted to take into effect the eight for one stock split paid as bonus shares on September 8, 2025. For the acquisition of Matter, Diginex will issue an aggregate amount of 1,241,496 ordinary shares, as adjusted, to the sellers of Matter with 85% of the ordinary shares being issued upon closing and 15% of the ordinary shares being issued 12 months after closing and up to 238,752 ordinary shares to the senior management of Matter. Pursuant to a written agreement, Diginex has advanced Matter Euro 500,000 to fund working capital needs. The advance bears an interest rate of 5% per annum and is repayable 60 days after Diginex notifying Matter that they will not proceed with the acquisition. The advance will be treated as an intercompany loan post-acquisition. Resulticks Group Companies Pte Limited (“Resulticks”) On June 5, 2025, Diginex announced the signing of a Memorandum of Understanding (“MOU”) for a cash and share acquisition of Resulticks. Resulticks, headquartered in Singapore with operations across the United States, India, Singapore, and the Middle East, ...