October 21, 2022
Publication in accordance with article 15 of the Law of May 2, 2007 on the disclosure of major holdings
La Hulpe, Belgium – October 21, 2022, 7:05 a.m. – On 20 October 2022, Unifiedpost Group SA (Euronext: UPG) (Unifiedpost, the Group or the Company) has increased its capital.
The Company announced in a press release earlier today that the Company entered into an addendum dated October 20, 2022 to the original share purchase agreement by which the Company acquired 100 % of the shares in Crossinx. Through this addendum both the Company and the former Crossinx shareholders have agreed to settle the earn-out obligations under the original share purchase agreement by a one-time payment of € 4.829.792,94 to be settled in shares of the Company.
Following the above, the Board of Directors of the Company decided on October 20, 2022, within the framework of the authorised capital, to a capital increase amounting to EUR 4.829.792,94. Within the framework of this capital increase, 1.277.723 new ordinary shares were issued at an issuance price of € 3,78 per share. As a result, the capital of the Company now amounts to € 326.805.355,82 and is represented by 35.824.154 ordinary shares. Each of these shares gives one voting right at the general meeting of shareholders and, together, represent the denominator for the purposes of notifications under the transparency regulations.
A total of 635.250 subscription rights are outstanding. The subscription rights comprise on the one hand 100.000 “Key Man Subscription Rights” held by Sofias BV (Hans Leybaert) and 35.250 “ESOP Subscription Rights (2015)” – of which 1.000 have not been allocated. Each subscription right entitles its holder to 10 ordinary shares of Unifiedpost upon exercise. In the event of a conversion of the subscription rights, the transaction would result in the creation of a maximum of 1.352.500 new shares with the same number of voting rights.
The outstanding subscription rights comprise on the other hand 500.000 “Stock Option Warrants (2021)” allowing each to subscribe to one new ordinary share. In the event of grant, acceptance and exercise of the subscription rights, this would result in the creation of a maximum of 500.000 new shares with the same number of voting rights.
This information, as well as the shareholder structure, can be consulted on the website of the Company (https://www.unifiedpost.com/en/investor-relations).
Financial Calendar 2022
- 10 November 2022: Publication Q3 2022 Business Update
- 30 November 2022: Investor Day
Investor Relations & Media
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About Unifiedpost Group
Unifiedpost is a leading cloud-based platform for SME business services built on “Documents”, “Identity” and “Payments”. Unifiedpost operates and develops a 100% cloud-based platform for administrative and financial services that allows real-time and seamless connections between Unifiedpost’s customers, their suppliers, their customers, and other parties along the financial value chain. With its one-stop-shop solutions, Unifiedpost’s mission is to make administrative and financial processes simple and smart for its customers. Since its founding in 2001, Unifiedpost has grown significantly, expanding to offices in 32 countries, with more than 500 million documents processed in 2021, reaching over 1,600,000 SMEs and more than 2,500 Corporates across its platform today.
Noteworthy facts and figures:
- Established in 2001, with a proven track record
- 2021 turnover €171 million
- 1400+ employees
- Diverse portfolio of clients across a wide variety of industries (banking, leasing, utilities, media, telecommunications, travel, social security service providers, public organisations, etc.) ranging from large internationals to SMEs
- Unifiedpost Payments, a fully owned subsidiary, is recognised as a payment institution by the National Bank of Belgium
- Certified Swift partner
- International M&A track record
- Listed on the regulated market of Euronext Brussels, symbol: UPG
(*) Warning about future statements: The statements contained herein may contain forecasts, future expectations, opinions and other future-oriented statements concerning the expected further performance of Unifiedpost Group on the markets in which it is active. Such future-oriented statements are based on the current insights and assumptions of management concerning future events. They naturally include known and unknown risks, uncertainties and other factors, which seem justified at the time that the statements are made but may possibly turn out to be inaccurate. The actual results, performance or events may differ essentially from the results, performance or events which are expressed or implied in such future-oriented statements. Except where required by the applicable legislation, Unifiedpost Group shall assume no obligation to update, elucidate or improve future-oriented statements in this press release in the light of new information, future events or other elements and shall not be held liable on that account. The reader is warned not to rely unduly on future-oriented statements.