RB 19/2018Komisja Nadzoru Finasowego
Subject: Exit from iZettle AB
Legal basis Legal basis: art. 17 sec. 1 MAR Regulation– confidential information
MCI Capital S.A. with its registered office in Warsaw (“MCI”), informs that MCI.PrivateVentures Fundusz Inwestycyjny Zamknięty fund with a separate sub-fund MCI.TechVentures 1.0. (“MCI PV”) on 17 May 2018, concluded with PayPal Holdings Inc. (“Purchaser”), a sale agreement by MCI PV to the benefit of the Buyer, all shares held (2 276 220, in words: two million two hundred seventy six thousand four hundred and twenty) shares in the share capital of iZettle AB (Swedish registration number: 556806-0734) with its registered office in Stockholm (“Sale Agreement”) (“Company”).
The estimated amount from the sale of all shares by MCI PV in the share capital of the Company amounts to approximately USD 44 million, the final amount depends, among other things, on the date of entry of the Sales Agreement into force and shall be provided in a separate current report.
The entry into force of the Sales Agreement depends on obtaining the consent of the Swedish financial supervision by the Purchaser. Swedish Financial Supervisory Authority, swe. Finansinspektionen) for the acquisition of the Company by the Purchaser.
MCI owns, through a subsidiary, 52.56% of investment certificates in MCI PV.
iZettle AB with its seat in Stockholm is a European leader on the mPOS market (acceptance of mobile payments for medium, small and micro enterprises). Apart from mPOS-type solutions, the Company provides its customers with loans for working capital, an integrated cloud-POS solution and an analytical platform for accounting services. This business model operates successfully on 12 markets (including Great Britain, Scandinavia, Germany, the Netherlands, France, Spain, Italy, Mexico, or Brazil).
Tomasz Czechowicz – President of the Management Board,
Ewa Ogryczak – Vice-President of the Management Board,