For this purpose, Wirecard shall issue convertible bonds with a term of five years exclusively to SoftBank, convertible to 6.923.076 ordinary Wirecard shares (currently corresponding to approximately 5.6% of common stock) at EUR 130 per Wirecard share. The intended issuance of convertible bonds, under exclusion of subscription rights, is subject to the approval of Wirecard’s Annual Shareholders meeting to be held on 18 June 2019.
In connection with the investment, the parties have also signed a memorandum of understanding (MoU) on a strategic partnership for digital payment solutions. Under the MoU, SoftBank Group will seek to support Wirecard’s geographic expansion into Japan and South Korea, as well as providing collaboration opportunities within SoftBank Group’s global portfolio in digital payments, data-analytics/AI and other innovative digital financial services.
It is anticipated that the partnership will also extend to joint exploration of new product and service offers in digital lending in order to leverage from high quality customer portfolios, strong liquidity and other innovative financing solutions.
Wirecard AG
Einsteinring 35
85609 Aschheim
Telefon: +49 (89) 4424-1400
Telefax: +49 (89) 4424-1500
http://www.wirecard.de
Director Public Relations
Telefon: +49 (89) 44240-424
Fax: +49 (89) 4424-0524
E-Mail: iris.stoeckl@wirecard.com
