Today, Ease2pay increased its share capital with 19.99% by issuing 1,539,999 new ordinary shares and raising approximately 2.31 million. In this transaction, all current shareholders were granted one right for each share they held, with a subscription ratio of five rights to one share. 81% of all granted rights were exercised during the rights offering and the remaining shares were successfully placed with qualified investors via a private placement in the rump offering.
The proceeds of the offering will be used to repay their shareholder loans and expand their marketing efforts in the Netherlands. NIBC acted as subscription, issuing and settlement agent in relation to the rights offering and as sole bookrunner in relation to the rump offering.
Ease2pay entered into the Dutch capital markets in 2017 after a reverse listing into the empty shell of Docdata. Ease2pay is a payment and loyalty platform through which every smartphone can turn into a cash register and a pin terminal. Not only do they offer a parking app, but their app can also be used to pay at fuel stations. They also provide services to the Rabo Wallet app.
NautaDutilh successfully acted as transaction counsel for both Ease2pay and NIBC. The NautaDutilh team consisted of Petra Zijp, Sabrina Legerstee and Jules van de Winckel.