Westpay carries out a rights issue of SEK 33.8 million

Summary

• The Board of Directors of Westpay has decided to capitalize SEK 33.8 million through a new issue of shares with preferential rights for the Company’s existing shareholders.

• The issue payment will primarily be used to develop innovative products in the payment area. • Shareholders in Westpay have the right to subscribe for one (1) new share per two (2) existing shares held on the record date on 2 September 2019.

• The subscription price amounts to SEK 3.00 per newly issued share. Payment must be made in cash or through set-off.

• The Board’s decision on the Rights Issue is made with the support of the issue authorization granted at the Extraordinary General Meeting on 19 June 2019.

• The rights issue is guaranteed up to 90 percent of the issue amount through subscription links and issue guarantees from existing shareholders and external investors.

• The record date for participation in the Rights Issue is 2 September 2019.

• Subscription in the Rights Issue will take place during the period 5 – 19 September 2019.