Business
Proposed Placing in W.A.G Payment Solutions PLC
Bock Capital EU Luxembourg WAG S.à r.l., an affiliate of TA Associates Management, L.P., intends to sell approximately £50 million worth of ordinary shares in W.A.G Payment Solutions PLC. These shares have a nominal value of £0.01 each. The Selling Shareholder currently holds 179,505,764 shares, representing about 25.9% of the company's issued share capital. Following the placing, the Selling Shareholder has agreed to a 90-day lock-up period on its remaining shares, subject to exceptions. Peel Hunt LLP is acting as the Sole Bookrunner for the accelerated bookbuild, and the company will not receive any proceeds from the placing. Disclaimer*
About this update from W.a.g. Payment Solutions Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND DOES NOT CONSTITUTE OR FORM AN OFFER FOR THE SALE OF, OR THE SOLICITATION OF AN OFFER TO BUY, THE SECURITIES REFERRED TO HEREIN IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ISRAEL.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND UPON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.\nPLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\n24 September 2025\n \nPROPOSED PLACING OF ORDINARY SHARES IN W.A.G PAYMENT SOLUTIONS PLC\n(\"EUROWAG\" OR THE \"COMPANY\")\nBock Capital EU Luxembourg WAG S.à r.l., an affiliate of TA Associates Management, L.P. (the \"Selling Shareholder\"), announces its intention to sell approximately £50m worth of ordinary shares of £0.01 each in the Company (the \"Placing Shares\").\nThe Selling Shareholder currently owns 179,505,764 shares in the Company, representing approximately 25.9 per cent. of the Company's issued share capital.\nThe sale of the Placing Shares and the price per Placing Share will be conducted and determined by way of an accelerated bookbuild to institutional investors (the \"Placing\"), which will be launched immediately following this announcement and may close at any time on short notice. The Placing is subject to demand, price and prevailing market conditions.\nThe Selling Shareholder has agreed not to sell or otherwise dispose of any of its residual holding of ordinary shares in the Company for 90 days post settlement of the Placing, subject to certain customary exceptions and/or waiver by the Bookrunner (as defined below).\nThe Selling Shareholder has appointed Peel Hunt LLP as Sole Bookrunner (\"Peel Hunt\" or the \"Bookrunner\") in respect of the Placing.\nThe timing for the close of the bookbuild process and the distribution of allocations are at the absolute discretion of the Bookrunner. The results of the Placing will be announced as soon as practicable thereafter.\nThe Company is not party to th...