EQS-News: Sandpiper Digital Payments AG increased its stake in PlayPass and resolves on Issuance of Bonds
EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Bond/Expansion
Sandpiper Digital Payments AG increased its stake in PlayPass and resolves on
Issuance of Bonds
17.02.2016 / 06:30
The issuer is solely responsible for the content of this announcement.
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SANDPIPER Digital Payments AG increased its stake in PlayPass and resolves on
Issuance of Bonds
St. Gallen (CH), February 17th, 2016: SANDPIPER Digital Payment AG ("SANDPIPER",
ISIN: CH0033050961, Ticker: SDP,www.sandpiper.ch) increased its stake in Antwerp
based PlayPass NV to 32%.
PlayPass NV,www.playpass.be, is the leading festival solution company providing
contactless solutions for cashless payments, accrediation, access management and
brand activation. PlayPass NV is executing their internationalization strategy
and managed to secure market entry into the UK market.
PlayPass equips the 2016 edition of the dance festival "Eastern Electric" at
Hatfield House and has recently been nominated for Startup of the Year in
Belgium.
SANDPIPER, a Swiss based stock-listed technology holding, focuses on the
consolidation of the fragmented payment landscape by pursuing a "buy & build"
strategy in the area of cashless payment systems for sports & events as well as
for education and retail markets. The festival and event market is one of
Sandpiper's growth segments.
The Management Board of SANDPIPER, with the approval of the Company's Board of
Directors, resolved on the offer of senior, unsecured bonds with an amount of up
to CHF 3 million (the "Offering"). The Bonds will be issued at 100% of their
principal amount. Bondholders may elect to convert their Bonds for Shares (Loan
Agreement with Conversion Option). The Bonds will have a maturity of two years
and will carry a coupon of 4.00% per annum.
Use of proceeds: SANDPIPER intends to use the proceeds to continue investing in
its platform and generally increase SANDPIPER's flexibility to decisively seize
promising market opportunitie and for general corporate purposes.
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
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Additional features:
Document:http://n.eqs.com/c/fncls.ssp?u=TUCINUQIAK
Document title: SANDPIPER_PlayPass_Bond
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17.02.2016 This Corporate News was distributed by EQS Schweiz AG. www.eqs.com -
news archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
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Language: English
Company: Sandpiper Digital Payments AG
Poststrasse 17
9001 St. Gallen
Switzerland
Phone: +41 44 783 80 49
Fax: +41 44 783 80 40
E-mail: news@sandpiper.ch
Internet: www.sandpiper.ch
ISIN: CH0033050961
Valor: A0MYNQ
Listed: Foreign Exchange(s) BX
End of News EQS Group News Service
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