Result of General Meeting
9 March 2023
Results of General Meeting
W.A.G payment solutions plc ("Eurowag" or the "Company") is pleased to announce that, at the general meeting of the Company's shareholders held earlier today (the "General Meeting"), the ordinary resolution (the "Resolution") proposed to approve the acquisition by W.A.G. payment solutions a.s., a wholly-owned subsidiary of Eurowag, of 100% of the share capital of Grupa Inelo S.A. (the "Acquisition") was duly passed by the requisite majority of the Company's shareholders.
Completion of the Acquisition is expected to take place on or around 15 March 2023. A further announcement will be made by the Company following completion.
Total votes received from shareholders by the Company either in advance of or as voted for at the meeting, were as set out below:
% of votes for
% of votes against
Total number of votes
To approve the Acquisition
1. Votes 'For' include those votes giving the Chairman discretion.
2. A vote withheld is not a vote in law and is not counted in the calculation of the proportion of votes cast for or against the Resolution.
3. At the date of the General Meeting, there were 688,911,333 ordinary shares of 1 pence each in issue, all of which had the right to vote. There were no ordinary shares held in treasury.
A copy of the resolution is available for inspection in the Circular previously submitted to the Financial Conduct Authority's (the "FCA") National Storage Mechanism on its website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The class 1 circular relating to the Acquisition and the results of voting at the General Meeting are also available on the Company's website at: https://investors.eurowag.com/investors/transactions/inelo-acquisition.
Head of Investor Relations and Communications
+44 (0) 789 109 4542
Jefferies International Limited
Paul Bundred, Vagelis Kollintzas, Harry Le May
Sponsor, Sole Financial Adviser to Eurowag
+44 207 029 8000
Tim McCall, Galyna Kulachek, Bryn Woodward
IR and international media
+44 (0)20 7574 2020
Eurowag was founded in 1995 and is a leading pan-European integrated payments & mobility platform focused on the Commercial Road Transportation industry. Eurowag's innovative solutions make life simpler for small and medium businesses in the CRT industry across Europe through its unique combination of payments solutions, seamless technology, a data-driven digital ecosystem and high-quality customer service. investors.eurowag.com
The contents of this announcement have been prepared by and are the sole responsibility of Eurowag.
Jefferies International Limited ("Jefferies"), which is authorised and regulated in the UK by the FCA, is acting for the Company and no-one else in connection with the Acquisition. In connection with such matters, Jefferies, its affiliates and their respective directors, officers, employees and agents will not regard any other person as their client in relation to the Acquisition and will not be responsible to any person other than Eurowag for providing the protections afforded to clients of Jefferies or for the giving of advice in relation to the contents of this announcement, the Acquisition or any transaction, arrangement or other matter referred to herein.
Apart from the responsibilities and liabilities, if any, which may be imposed upon Jefferies by the Financial Services and Markets Act 2000 (as amended) or the regulatory regime established thereunder, or under the regulatory regime of any jurisdiction where the exclusion of liability under the relevant regulatory regime would be illegal, void or unenforceable, Jefferies accepts no responsibility whatsoever or makes any representation or warranty, express or implied, concerning the contents of this announcement, including its accuracy, completeness or verification, or concerning any other statement made or purported to be made by Jefferies or on its behalf, in connection with the Company or the Acquisition, and nothing in this announcement is, or shall be relied upon as a promise or representation in this respect, whether as to the past or future. Jefferies accordingly disclaims, to the fullest extent permitted by law, all and any responsibility and liability whether arising in tort, contract or otherwise (save as referred to herein) which it might otherwise have in respect of this announcement or any such statement.
You are advised to read this announcement and the Circular in their entirety for a further discussion of the factors that could affect Eurowag future performance, including following completion of the Acquisition.
This announcement does not constitute, and should not be construed as, an offer to purchase or sell or issue securities, or otherwise constitute an inducement, invitation, commitment, solicitation or recommendation to any person to purchase, subscribe for, or otherwise acquire securities in Eurowag or any of its affiliates, or constitute an inducement to enter into any investment activity in any jurisdiction. Nothing contained in this announcement is intended to, nor shall it, form the basis of, or be relied on in connection with, any contract or commitment whatsoever and, in particular, must not be used in making any investment decision.
Save as required by applicable law, each of Eurowag and Jefferies and their respective affiliates expressly disclaims any intention, obligation or undertaking to update, review or revise any of the information contained herein, or to correct any inaccuracies which may become apparent whether as a result of new information, future developments or otherwise.