Opción de reestructuración de FireTMS
25 de abril de 2024
Soluciones de pago WAG plc
FireTMS restructuring option for remaining 19% equity shareholding
W.A.G payment solutions plc ("Eurowag", or the "Group") a leading pan-European integrated payments and mobility platform focused on the commercial road transportation industry ("CRT"), today announces a restructuring of its call option for the remaining 19% equity shareholding in FireTMS.
Eurowag acquired an 81% shareholding in FireTMS as part of the Inelo acquisition, with a put and call option being in place for the remaining 19% equity shareholding under pre-agreed terms, exercisable in 2026. Following the period of ownership, Eurowag has decided that it would benefit the Company to utilise the FireTMS' expertise for its new digital platform. Eurowag therefore has today restructured the option mechanism in order to accelerate the FireTMS integration. The maximum option price and final option timing remains the same, however the payments will be phased and subject to new terms. Eurowag will buy 7.6% of the equity shareholding for €3.4m, paid in two equal instalments in April and July 2024. The final 11.4% equity shareholding remains subject to an option mechanism exercisable in H1 2026 and the price is subject to certain financial and KPI targets met by FireTMS.
Eurowag will be acquiring the remaining 19% of FireTMS from two minority shareholders: Krzysztof Adamczyk and Sebastian Rzytki. As Krzysztof Adamczyk is Director of FireTMS, the restructuring of the put and call option constitutes a smaller related party transaction for Eurowag, falling within LR11.1.10 R. Accordingly, Eurowag has received confirmation from a sponsor, that the terms of the restructuring of the put and call option are fair and reasonable as far as the shareholders of the Company are concerned.
CONSULTAS
Eurowag
carla flor
Responsable de Relaciones con Inversores y Comunicaciones
+44 0 789 109 4542
Powerscourt
Justin Griffiths, Gilly Lock
IR y medios internacionales
44 0 20 7250 1446
Sobre Eurowag
Eurowag se fundó en 1995 y es una empresa tecnológica líder y un socio importante de la industria del transporte comercial por carretera en Europa, con el objetivo de hacerla limpia, justa y eficiente. Eurowag permite a las empresas de transporte realizar una transición exitosa hacia un futuro digital con bajas emisiones de carbono aprovechando todos los datos, conocimientos y transacciones de pago y financiación de misión crítica en un único ecosistema y conecta sus operaciones sin problemas antes de un viaje, en la carretera y después de la entrega. http://www.eurowag.com
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