PTA-Adhoc: MyBucks S.A.: Litigation - Finsbury Investments Limited vs MyBucks S.A.

Thursday, 11. February 2021 17:10

Public disclosure of inside information according to article 17 MAR

Luxembourg city (pta030/11.02.2021/17:10) - Reference is made to the announcement carried out MyBucks S.A. ("MyBucks" or "the Company") on the 21st of January 2021 regarding the failure by Finsbury Investment Limited "(Finsbury") to complete the purchase of the 45% equity in Ecsponent Financial Services Limited T/A MyBucks Zambia in accordance with the Put and Call Option Agreement between the parties.

Finsbury claimed that MyBucks was obliged to extend a loan for the purchase of the 45%. As a result of the disagreement, Finsbury have today approached the Courts of England to claim performance by MyBucks. Further, Finsbury claims damages on the failure by MyBucks to honor the extension of the loan.

MyBucks Management and Board believe the claim is without merit and will be vigorously defended in the Courts of England.

ENDS

About MyBucks
MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates four Banks in Africa. The Group offers credit, banking solutions and insurance products to customers. The MyBucks product offering enables customers to manage their financial affairs easily and conveniently. Discover more at www.mybucks.com

Contact:
Investor related matters: investors@m
Public relations: pr@mybucks.com

Important Notice:
This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of MyBucks S.A. in the United States, Germany or any other jurisdiction.

This publication is not intended, either directly or indirectly, for dissemination or distribution to the USA or within the USA (including its territories and possessions, a U.S. federal state and the District of Columbia) and may not be distributed or forwarded to 'U.S. persons' (as defined in Regulation S of the U.S. Securities Act of 1933 in the applicable version ('Securities Act')) or to publications which are widely available in the USA. This publication does not constitute an offer - or a request to issue an offer - to buy or acquire securities in the USA, nor is it part of such an offer or request. The securities are not and will not be registered in accordance with the provisions of the Securities Act and may only be sold or offered for purchase in the USA with prior registration in accordance with the provisions of the Securities Act in the version currently applicable or, in the absence of prior registration, if an exemption is granted. MyBucks S.A. does not intend to make a public share offer in the USA.

Subject to certain exceptions under applicable securities laws, the securities referred to in this publication may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan.

No action has been taken that would permit an offering of securities or their subscription or the distribution of this publication in any jurisdiction where such offering, subscription or distribution is prohibited. Persons who obtain this publication are required to inform themselves about potential restrictions and to observe any such restrictions.

This publication contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of MyBucks S.A. and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting MyBucks S.A. such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. MyBucks S.A. does not assume any obligation to update any forward-looking statements.

The information contained in this publication is for background purposes only and does not purport to be full or complete. No reliance may be placed, for any purpose, on the information contained in this publication or its accuracy or completeness. The information in this publication is subject to change.

Neither the bank nor any of their directors, officers, employees, advisers or agents accept any responsibility or liability whatsoever for or make any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this publication (or whether any information has been omitted from the publication) or, with limited exception, other information relating to MyBucks S.A., its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and independent from how it was transmitted or made available, or for any loss in any way arising from any use of this publication or its contents or otherwise arising in connection therewith

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emitter: MyBucks S.A.
address: 5 Place de la Gare, 1616 Luxembourg city
country: Luxembourg
contact person: Craig Lyons
phone: +352 2088 2123
e-mail: info@mybucks.com
website: www.mybucks.com

ISIN(s): LU1404975507 (share)
stock exchanges: scale in Frankfurt, free market in Stuttgart, free market in Munich, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20210211030 ]

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