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MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) — Nuvei Company (“Nuvei” or the “Firm”) (TSX: NVEI and NVEI.U), the worldwide cost know-how associate of thriving manufacturers, has introduced in the present day that funds managed by Novacap Administration Inc. (collectively, “Novacap”), Whiskey Papa Fox Inc. (or an affiliate thereof) (“WPF”), a holding firm managed by Philip Fayer, our Chair and Chief Government Officer, CDP Investissements Inc., a wholly-owned subsidiary of Caisse de dépôt et placement du Québec (“CDPQ”), Keith Birdsong, our Chief Know-how Officer, Mark Pyke, our President, North America, and Yuval Ziv, our Managing Director, Digital Funds (collectively the “Promoting Shareholders”), and the Firm have entered into an settlement with Goldman Sachs Canada Inc., Credit score Suisse, Scotiabank and Nationwide Financial institution Monetary Inc. to finish a secondary providing on a purchased deal foundation (the “Providing”). Underneath the settlement, the underwriters have agreed to buy 7,165,377 subordinate voting shares of the Firm at a purchase order value of US$69.78 per subordinate voting share for complete gross proceeds to the Promoting Shareholders of roughly US$500 million.
The Promoting Shareholders (apart from Keith Birdsong, Mark Pyke and Yuval Ziv) have granted the Underwriters an possibility, exercisable, in complete or partly, at any time till and together with 30 days following the closing of the Providing, to buy as much as a further 15% of the Providing on the providing value to cowl over-allotments, if any.
In reference to the Providing, the Firm will file a prospectus complement to its amended and restated brief kind base shelf prospectus dated Might 20, 2021 on June 2, 2021 with the securities regulatory authorities in every of the provinces and territories of Canada. The Providing will even be prolonged to individuals fairly believed to be Certified Institutional Consumers in the US pursuant to the exemption from registration offered by Rule 144A below the US Securities Act of 1933, as amended (the “U.S. Securities Act”), and corresponding exemptions from registration below state securities legal guidelines.
Novacap presently holds 33,231,979 a number of voting shares, representing roughly 24.0% of the issued and excellent shares and roughly 37.6% of the voting energy connected to the entire shares. Following the closing of the Providing, Novacap will maintain 30,555,132 a number of voting shares, representing roughly 22.0% of the issued and excellent shares and roughly 37.1% of the voting energy connected to the entire shares.
WPF presently holds 30,297,828 a number of voting shares, representing roughly 21.9% of the issued and excellent shares and roughly 34.3% of the voting energy connected to the entire shares. Following the closing of the Providing, WPF will maintain 27,857,328 a number of voting shares, representing roughly 20.0% of the issued and excellent shares and roughly 33.8% of the voting energy connected to the entire shares.
CDPQ presently holds 19,198,613 a number of voting shares, representing roughly 13.8% of the issued and excellent shares and roughly 21.7% of the voting energy connected to the entire shares. Following the closing of the Providing, CDPQ will maintain 17,652,159 a number of voting shares, representing roughly 12.7% of the issued and excellent shares and roughly 21.4% of the voting energy connected to the entire shares.
Keith Birdsong presently holds 409,695 subordinate voting shares representing roughly 0.3% of the issued and excellent shares and roughly 0.5% of the voting energy connected to the entire shares.
Mark Pyke presently holds 260,688 subordinate voting shares representing roughly 0.3% of the issued and excellent shares and roughly 0.4% of the voting energy connected to the entire shares.
Yuval Ziv presently holds 36,531 subordinate voting shares representing roughly 0.1% of the issued and excellent shares and roughly 0.1% of the voting energy connected to the entire shares.
The online proceeds of the Providing might be paid on to the Promoting Shareholders. The Firm won’t obtain any proceeds from the Providing.
The Providing is anticipated to shut on or about June 7, 2021, topic to customary closing circumstances. Following the closing of the Providing, the overall variety of issued and excellent shares of the Company might be 139,077,257, of which 63,012,638 might be subordinate voting shares and 76,064,619 might be a number of voting shares.
No securities regulatory authority has both authorised or disapproved the contents of this press launch. The subordinate voting shares haven’t been and won’t be registered below the U.S. Securities Act or any U.S. state securities regulation and will not be provided or offered inside the US until registered below the U.S. Securities Act and relevant state securities legal guidelines or pursuant to exemptions from the registration necessities of the U.S. Securities Act and relevant state securities legal guidelines. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any province, state or jurisdiction during which such supply, solicitation or sale can be illegal previous to the registration or qualification below the securities legal guidelines of any such province, state or jurisdiction.
About Nuvei
We’re Nuvei (TSX: NVEI and NVEI.U), the worldwide cost know-how associate of thriving manufacturers. We offer the intelligence and know-how companies have to succeed regionally and globally, via one integration – propelling them additional, sooner. Uniting cost know-how and consulting, we assist companies take away cost boundaries, optimize working prices and enhance acceptance charges. Our proprietary platform offers seamless pay-in and payout capabilities, connecting retailers with their prospects in 200 markets worldwide with native buying in 44 markets. With helps for over 470 native and different cost strategies, practically 150 currencies and 40 cryptocurrencies, retailers can seize each cost alternative that comes their approach. Our goal is to make our world an area market.
Ahead-Trying Data
This press launch accommodates “forward-looking info” inside the which means of relevant securities legal guidelines, together with statements relating to the proposed Providing, members within the Providing, phrases of the Providing and shutting of the Providing. Ahead-looking info entails recognized and unknown dangers and uncertainties, a lot of that are past the Firm’s management, that would trigger precise outcomes to vary materially from these which might be disclosed in or implied by such forward-looking info. These dangers and uncertainties embrace, however should not restricted to these described below the header “Danger Elements” in Nuvei’s amended and restated base shelf prospectus dated Might 20, 2021, our most up-to-date Administration’s Dialogue and Evaluation of Monetary Situation and Outcomes of Operation, our Annual Data Kind dated Might 7, 2021 and, when out there, our prospectus complement, all of that are or might be out there below our profile on SEDAR at www.sedar.com. Ahead-looking info relies on administration’s beliefs and assumptions and on info presently out there to administration. Though the forward-looking info contained on this press launch relies upon what administration believes are affordable assumptions, you’re cautioned towards inserting undue reliance on this info since precise outcomes could differ from the forward-looking info. Until in any other case famous or the context in any other case signifies, the forward-looking info contained on this press launch is offered as of the date of this press launch, and the Firm doesn’t undertake to replace or amend such forward-looking info whether or not because of new info, future occasions or in any other case, besides as could also be required by relevant regulation.
For additional info, please contact:
Anthony Gerstein
Vice President, Head of Investor Relations
agerstein@nuvei.com
