NUVEI OBTAINS SHAREHOLDER APPROVAL FOR GOING PRIVATE TRANSACTION WITH ADVENT
NUVEI OBTAINS SHAREHOLDER APPROVAL FOR GOING PRIVATE TRANSACTION WITH ADVENT
MONTREAL, June 18, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI)(TSX: NVEI), the Canadian fintech company, is pleased to announce that, at the special meeting (the "Meeting") of the Company's shareholders (the "Shareholders") held on June 18, 2024, Shareholders approved the special resolution (the "Arrangement Resolution") approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement") involving the Company and Neon Maple Purchaser Inc. (the "Purchaser"), a newly-formed entity controlled by Advent International, L.P. Pursuant to the Arrangement, the Purchaser will acquire all of the issued and outstanding subordinate voting shares ("Subordinate Voting Shares") and multiple voting shares ("Multiple Voting Shares" and collectively with the Subordinate Voting Shares, the "Shares") of the Company. The Shares that are not held by Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, "Novacap") and Caisse de dépôt et placement du Québec ("CDPQ" and, collectively with Philip Fayer and Novacap and the entities they control directly or indirectly, the "Rollover Shareholders") will be acquired for a price of US$34.00 in cash per Share.
加拿大金融科技公司Nuvei Corporation(“Nuvei”或“公司”)(纳斯达克:NVEI)(TSX:NVEI)很高兴地宣布,2024年6月18日在公司股东(“股东”)特别会议(“会议”)上,股东批准了特别决议(“安排决议”),批准了根据第192条款计划安排(“安排”)中涉及公司和Advent International,L.P.控制的新成立实体Neon Maple Purchaser Inc.(“购买方”)。根据此安排,购买方将收购公司的已发行和流通的普通股(“优先股票”)和多重投票股票(“多重投票股票”,与优先股票共同构成“股票”)。所有未持有Philip Fayer,Novacap Management Inc.管理的某些投资基金(统称为“Novacap”)和魁北克存款和投资基金(“CDPQ”),以及Philip Fayer,Novacap和他们直接或间接控制的实体(“控股股东”)将以每股34.00美元的价格以现金收购其持有的股票。根据《安排》,购买者将购买公司的所有流通的普通股("流通的下属投票股")和普通股("多重投票股"),除了"Rollover股权"外,每股价格为34美元现金。根据安排,购买方将收购公司的已发行和流通的普通股(“优先股票”)和多重投票股票(“多重投票股票”,与优先股票共同构成“股票”)。所有未持有Philip Fayer,Novacap Management Inc.管理的某些投资基金(统称为“Novacap”)和魁北克存款和投资基金(“CDPQ”),以及Philip Fayer,Novacap和他们直接或间接控制的实体(“控股股东”)的股票将以每股34.00美元的价格以现金收购。
Each of the Rollover Shareholders has agreed to sell all of their Shares to the Purchaser in exchange for consideration consisting of a combination of cash and shares in the capital of the Purchaser or an affiliate thereof. Following completion of the Arrangement, Philip Fayer, Novacap and CDPQ are expected to hold or exercise control or direction over, directly or indirectly, approximately 24%, 18% and 12%, respectively, of the common equity in the resulting private company.
每位控股股东已同意以现金和购买方或其关联方的股份组合成交换获得其持有的全部股票。预计在安排完成后,Philip Fayer,Novacap和CDPQ直接或间接持有或控制所得到的合并后公司普通股约为24%,18%和12%。
Further details regarding the Arrangement are provided in the management information circular of the Company dated May 13, 2024 (the "Circular") mailed to Nuvei shareholders in connection with the Arrangement, a copy of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.
有关安排的更多详细信息,请参阅2024年5月13日的公司管理信息通告(“通告”),该通告已寄给Nuvei股东有关该安排的事项,在SEDAR+上的公司资料档案下可获得一份副本 www.sedarplus.ca和 www.sec.gov.
The Arrangement Resolution was adopted on a vote by way of ballot by (i) at least two-thirds of the votes cast by the holders of Multiple Voting Shares and Subordinate Voting Shares virtually present or represented by proxy at the Meeting, voting together as a single class (with each Subordinate Voting Share being entitled to one vote and each Multiple Voting Share being entitled to ten votes); (ii) not less than a simple majority (more than 50%) of the votes cast by the holders of Subordinate Voting Shares virtually present or represented by proxy at the Meeting; (iii) not less than a simple majority of the votes cast by the holders of Multiple Voting Shares virtually present or represented by proxy at the Meeting; and (iv) not less than a simple majority of the votes cast by the holders of Subordinate Voting Shares virtually present or represented by proxy at the Meeting (excluding the Subordinate Voting Shares held by the Rollover Shareholders and the persons required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")). In its interim order dated May 13, 2024, the Superior Court of Québec (Commercial Division) (the "Court") declared that the vote of not less than a simple majority of the votes cast by the holders of Multiple Voting Shares virtually present or represented by proxy at the Meeting (excluding the Multiple Voting Shares held by the Rollover Shareholders and the persons required to be excluded pursuant to MI 61-101), which is required under MI 61-101, was satisfied as there are no holders of Multiple Voting Shares eligible to cast a vote thereunder, as all holders of Multiple Voting Shares are "interested parties" within the meaning of MI 61-101 and must be excluded from such vote.
安排决议通过投票表决获得通过,方法是(i)按单一类别(每股优先股票享有一票,每股多重投票股票享有十票),由虚拟出席或通过委托代理出席的多重投票股票和优先股票持有人里少数无素致投反对票的投票者所投的至少三分之二的投票;(ii)按出席或通过委托代理出席的虚拟意见表决的优先股票持有人表决的不少于简单多数(超过50%)的投票;(iii)按出席或通过委托代理出席的虚拟意见表决的多重投票股票持有人表决不少于简单多数;(iv)投票时出席或通过委托代理出席的虚拟意见表决的优先股票持有人表决不少于简单多数(不包括控股股东持有的优先股票和根据多边协议61-101要求排除的人员持有的优先股票),根据其间的比例采取并购订单。MI 61-101的《保护少数股东特别交易规定》(Protection of Minority Security Holders in Special Transactions)规定,在向MCAPM LP发行债券的情况下,公司可以依靠MI 61-101第5.5(a)和5.7(1)(a)条中规定的从正式估值中豁免,并不要求获得少数股东批准的豁免规定,因为债券的公允市场价值低于公司市值的25%(在适用MI 61-101的情况下分别确定)。在其2024年5月13日的临时命令中,魁北克省(商业部)(“法院”)宣布,MI 61-101规定的需要获得多重投票权股份持有人的不少于简单多数表决所需的选票已得到满足(不包括Rollover股东和根据MI 61-101必须被排除的人持有的多重投票权股份),因为没有符合条件的多重投票权股份持有人能够在此项表决中投票,因为所有多重投票权股份持有人均为MI 61-101所定义的“利益相关方” ,必须从此项表决中被排除。
Based on proxies and ballots received at the Meeting, votes were cast as follows:
基于在会议上收到的委托和表决,投票结果如下:
Category of Voting | Percentages of Votes For | Percentages of Votes Against | ||
Holders of Subordinate Voting Shares and Multiple Voting Shares, voting together as a single class | 99.24 % | 0.76 % | ||
Holders of Subordinate Voting Shares | 86.08 % | 13.92 % | ||
Holders of Multiple Voting Shares | 100 % | 0 % | ||
Holders of Subordinate Voting Shares, excluding the Rollover Shareholders and those required to be excluded under MI 61-101 | 86.04 % | 13.96 % |
投票类别 | 赞成票的百分比 | 反对票的百分比 | ||
下级投票股份持有人 投票人为优先股票和多重投票股票,以单一类别的方式投票 作为单一类别 | 99.24% | 0.76% | ||
优先股票持有人 | 86.08% | 13.92% | ||
多重投票股票持有人 | 100% | 0% | ||
优先股股东 排除控股股东和 根据MI 61-101排除的那些 | 86.04 % | 13.96 % |
The Arrangement remains subject to the satisfaction or waiver of certain other closing conditions customary in a transaction of this nature, including the receipt of a final order from the Court approving the Arrangement (the "Final Order") and certain regulatory approvals. The hearing in respect of the Final Order is scheduled to take place on June 20, 2024. Assuming that these remaining conditions to closing are satisfied, the Arrangement is expected to be completed in late 2024 or the first quarter of 2025.
本安排仍需满足或豁免某些交易习惯上的其他结算条件,包括获得法院批准本安排的最终订单("最终订单")以及某些监管批准。最终订单的听证会定于2024年6月20日举行。假设这些剩余的结算条件得到满足,安排预计将在2024年底或2025年第一季度完成。
About Nuvei
关于Nuvei
Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 700 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.
Nuvei(Nasdaq:NVEI)(TSX:NVEI)是加拿大金融技术公司,加速全球客户的业务。 Nuvei的模块化、灵活和可扩展的技术使领先企业能够接受下一代支付、提供所有支付选项,并从发卡、银行、风险和欺诈管理服务中受益。在200多个市场与客户联系,本地收购在50个市场,150个货币和700个另类支付方式中进行交易。Nuvei为客户和合作伙伴提供技术和洞察力,以便在全球和本地实现成功。
Forward-Looking Statements
前瞻性声明
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "Forward-looking information") within the meaning of applicable securities laws. This forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", or "continue", the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Particularly, statements regarding the proposed transaction, including the proposed timing and various steps contemplated in respect of the transaction are forward-looking information.
本新闻稿含有"前瞻性信息"和"前瞻性声明"(统称"前瞻性信息"),其涉及适用证券法律的条款和短语,如"可能","将","应该","可能","预计","打算","估计","预测","相信"或"继续",这些条款是相似的,同时提到假设,尽管不是所有前瞻性信息都包含这些术语和短语。特别是,关于拟议交易的声明,包括拟议的时间安排和与交易相关的各种步骤,都是前瞻性信息。
In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.
此外,任何涉及对未来事件或情况的期望、意图、投影或其他刻画的声明均包含前瞻性信息。包含前瞻性信息的声明并非历史事实,而是代表管理层对未来事件或情况的期望、估计和投射。
Forward-looking information is based on management's beliefs and assumptions and on information currently available to management, and although the forward-looking information contained herein is based upon what we believe are reasonable assumptions, investors are cautioned against placing undue reliance on this information since actual results may vary from the forward-looking information.
前瞻性信息是基于管理层的信念和假设以及当前管理层可以获得的信息,尽管此处包含的前瞻性信息基于我们认为是合理的假设,但投资者应小心不要过度依赖此信息,因为实际结果可能与前瞻性信息有所不同。
Forward-looking information involves known and unknown risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors described in greater detail under the heading "Risk Factors" in the Company's annual information form filed on March 5, 2024 and under the heading "Risk Factors" in the Company's management's discussion and analysis for the three months ended March 31, 2024. These risks and uncertainties further include (but are not limited to) as concerns the transaction, the failure of the parties to obtain the necessary regulatory and court approvals or to otherwise satisfy the conditions to the completion of the transaction, failure of the parties to obtain such approvals or satisfy such conditions in a timely manner, significant transaction costs or unknown liabilities, failure to realize the expected benefits of the transaction, and general economic conditions. Failure to obtain the necessary regulatory and court approvals, or the failure of the parties to otherwise satisfy the conditions to the completion of the transaction or to complete the transaction, may result in the transaction not being completed on the proposed terms, or at all. In addition, if the transaction is not completed, and the Company continues as a publicly-traded entity, there are risks that the announcement of the proposed transaction and the dedication of substantial resources of the Company to the completion of the transaction could have an impact on its business and strategic relationships (including with future and prospective employees, customers, suppliers and partners), operating results and activities in general, and could have a material adverse effect on its current and future operations, financial condition and prospects. Furthermore, in certain circumstances, the Company may be required to pay a termination fee pursuant to the terms of the Arrangement Agreement which could have a material adverse effect on its financial position and results of operations and its ability to fund growth prospects and current operations.
前瞻性信息涉及众多我们无法控制的已知和未知风险和不确定性,这些风险和不确定性可能导致实际结果与所披露或含蓄的前瞻性信息不同。这些风险和不确定性包括但不限于在2024年3月5日提交的公司年度信息表的"风险因素"下更详细描述的风险因素以及在公司管理讨论和分析的"三个月截至2024年3月31日"下更详细描述的风险因素。这些风险和不确定性还包括(但不限于)有关交易的,各方未能获得必要的监管和法院批准或未能满足完成交易的条件,各方未能及时获得这些批准或满足这些条件,交易成本或未知责任较大,未能实现交易的预期利益和一般经济条件等。未能获得必要的监管和法院批准,或各方未能满足完成交易的条件或未能完成交易,可能导致交易不以拟议的条款完成,或根本未完成。此外,如果交易未能完成,而公司继续作为一家公开交易的实体存在,则可能对其业务和战略关系(包括未来和潜在的员工,客户,供应商和合作伙伴),经营成果和活动等产生影响,并可能对其现有和未来的经营,财务状况和前景产生重大不利影响。此外,在某些情况下,根据安排协议的条款,公司可能需要支付终止费用,这可能对其财务状况和业绩以及其资金筹集增长前景和当前运营能力产生重大不利影响。
Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that we anticipate will be realized or, even if substantially realized, that they will have the expected consequences or effects on our business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein represents our expectations as of the date hereof or as of the date it is otherwise stated to be made, as applicable, and is subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.
因此,包含在此处的所有前瞻性信息均受到前述警示性声明的限制,不能保证我们预期的结果或发展会实现,即使实现了,它们也可能对我们的业务、财务状况或运营结果产生预期的后果或影响。除非另有说明或上下文另有指示,否则此处包含的前瞻性信息代表我们的期望,截至此处的日期或另述的日期(适用时),并且可能在此后发生变化。但是,除适用法律要求外,我们否认有任何意图或义务或承诺更新或修改此类前瞻性信息,不论是因为新信息、未来事件还是其他原因。
For further information please contact:
要了解更多信息,请联系:
Investors
投资者
Kingsdale Advisors
contactus@kingsdaleadvisors.com
Kingsdale Advisors
contactus@kingsdaleadvisors.com
Chris Mammone, Head of Investor Relations
IR@nuvei.com
Chris Mammone,投资人关系负责人
IR@nuvei.com
Media
媒体
Joel Shaffer
FGS Longview
Joel.shaffer@fgslongview.com
Joel Shaffer
FGS Longview
Joel.shaffer@fgslongview.com
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SOURCE Nuvei
SOURCE Nuvei