Transfer of HiPay Group shares to Euronext Growth
Effective transfer on 27 May 2021
Availability of the information document on the company's website
New mnemonic code: ALHYP
ISIN code unchanged: FR0012821916
Paris, 25 May 2021: HiPay (ISIN code FR0012821916 - HIPAY), the fintech specialising in omnichannel payment solutions, announces the transfer of its shares to the Euronext Growth market, effective from the trading session of 27 May 2021.
This transfer to the Euronext Growth market aims to enable HiPay Group to be listed on a market better suited to the size of the company and its current market capitalisation. HiPay Group intends to benefit from a more flexible regulatory framework, while continuing to benefit from the advantages of the listing and the dynamism of Euronext Growth for all its shareholders.
The proposed transfer was approved by the Company's shareholders at the General Meeting on 10 December 2020 and implemented by the Board of Directors on the same day. The listing of the shares on the Euronext Growth Paris market will be carried out under an accelerated admission to trading procedure for existing shares, without the issuance of new shares.
It is specified that although Euronext Growth Paris offers a free choice of accounting standards (French or IFRS) for the preparation of the consolidated accounts, HiPay Group will continue to apply IFRS.
The information document relating to the transfer of the listing of HiPay Group shares on the Euronext Growth market is available on the Company's website (https://hipay.com/fr/investisseurs) as well as on the Euronext website from today.
HiPay Group will continue to disclose to the public any "insider information", in accordance with the applicable provisions of the General Regulation of the Autorité des Marchés Financiers and the European Regulation MAR of 2016 - Market Abuse and the provisions of the latter will remain fully applicable to HiPay Group in particular with regard to the declaration of transfers of securities by executives.
HiPay Group is accompanied by Portzamparc (BNP Paribas Group), as listing sponsor.
The final schedule for the listing market transfer is as follows:
21 May 2021
25 May 2021
27 May 2021
The ISIN code of HiPay Group shares remains unchanged (FR0012821916) and the mnemonic becomes ALHYP. Moreover, HiPay Group shares remain eligible for PEA and PEA-PME.
Next financial communication: June 3, 2021 – Vote results of the Annual General Meeting
Jawad Khatib (Vae Solis Communications)
Jérôme Daguet (CFO HiPay)
This press release does not constitute an offer to sell or the solicitation of an offer to buy HIPAY securities. If you would like more complete information about HiPay Group, please refer to our website hipay.com, Investors section. This press release may contain certain forward-looking statements. Although HiPay Group believes that these statements are based on reasonable assumptions as of the date of this press release, they are by their nature subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by these statements. HiPay Group operates in a highly evolving sector in which new risk factors may emerge. HiPay Group does not undertake any obligation to update these forward-looking statements to reflect new information, events or other circumstances.