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SANDPIPER Digital Payments AG successfully completes placement of CHF 4.3 million

EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Capital Increase

2016-12-08 / 06:55


SANDPIPER Digital Payments AG successfully completes placement of CHF 4.3 million

- Capital increase of 43 million new shares with shareholder subscription rights

St. Gallen / Switzerland, December 8, 2016: SANDPIPER Digital Payments AG ("SANDPIPER", ISIN: CH0033050961, Ticker: SDP, www.sandpiper.ch), a leading company in Europe for cashless payment systems and services successfully completed its capital increase. totalling 43,288,684 bearer shares (no-par shares) on the basis of a subscription price of CHF 0.10 per new share.

The Company's registered share capital will be increased to 211,695,028 shares, each with a notional value of CHF 0.10 per share.

Trading of the new shares under the existing ISIN CH0033050961 is scheduled for December 9, 2016.

Dr. Cornelius Boersch, President of Sandpiper, comments on the successful placement: "With the extra funds available, we are able to implement our "Buy and Build" strategy consequently and pursuing several strategic options and growth opportunities for 2017".

About SANDPIPER

SANDPIPER Digital Payments AG, www.sandpiper.ch, is a stock-listed technology holding based in St. Gallen, Switzerland. The company is focused on the consolidation of the fragmented payment landscape in Europe by pursuing a "buy & build" strategy in the area of digital cashless payments and access control.

SANDPIPER is already today one of the largest providers of closed-loop payment systems in Europe. SANDPIPER solutions provide safe and intuitive payment technologies based on RFID/NFC and mobile applications for markets such as Retail, Education, Stadium, and Events.

Volker Rofalski, Tel: +41-44-783 80 30; Fax: +41-44-783 80 40, Internet: www.sandpiper.ch


Additional features:

Document: http://n.eqs.com/c/fncls.ssp?u=TBGCKLGUHJ
Document title: SANDPIPER_Capital-Increase_2016


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