09.02.2018 15:29:16
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DGAP-News: MyBucks S.A.
DGAP-News: MyBucks S.A. / Key word(s): Capital Increase / 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. Corporate release MyBucks S.A. completes private placement and bolsters capital - Private placement of 1.3 million new shares successfully completed - Gross proceeds of EUR 11.7 million to be used to reduce overall refinancing costs, increase lending volume and to drive business growth
Hauck & Aufhäuser Private Bankers acted as Sole Bookrunner of the transaction. The proceeds from the capital increase will be used to pay back mezzanine capital with high interest rates. This means that overall refinancing costs of MyBucks will drop decidedly from current levels. MyBucks Deputy CEO Tim Nuy said: "We are very excited about the continued support of our investors. On the back of this placement, we will focus on further reducing our refinancing costs and hence foster future growth." ENDS About MyBucks 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 and GetSure the company offers impact loans, 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 http://www.mybucks.com. Contact: Important Notice: This press release 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 press release 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 press release in any jurisdiction where such offering, subscription or distribution is prohibited. Persons who obtain this press release are required to inform themselves about potential restrictions and to observe any such restrictions. This press release 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 press release 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 press release or its accuracy or completeness. The information in this press release 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 press release (or whether any information has been omitted from the press release) 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 press release or its contents or otherwise arising in connection therewith.
09.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | 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: | info@mybucks.com |
Internet: | www.mybucks.com |
ISIN: | LU1404975507 |
WKN: | A2AJLT |
Listed: | Regulated Unofficial Market in Frankfurt (Scale) |
End of News | DGAP News Service |
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653157 09.02.2018
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