MyBucks’ $142.47 million Initial Public Offering

MyBucks successfully placed its shares offered in its IPO and became the first African focused FinTech company to list on Frankfurt Stock Exchange. The offer had the volume of EUR 15.5 million including over-allotment.

MyBucks S.A., a Luxembourg-based FinTech company, that holds the three brands GetBucks, GetSure and GetBanked (“Company”), is listed on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse). The offer was fully subscribed. A total of 1,000,000 newly issued shares and an over-allotment of 150,000 shares have been allocated as part of the offering, amounting to a total offer volume of EUR 15.5 million (including over-allotment) based on the issue price of EUR 13.50 per share. To the extent the Greenshoe option provided to Hauck & Aufhäuser Privatbankiers KGaA, Frankfurt am Main (“Hauck & Aufhäuser”) is exercised, up to 150,000 additional shares have been issued. Following the placement of all new shares and assuming the exercise of the Greenshoe option in full, approximately 19.3 per cent of the Company’s share capital (post-IPO) will be in public free float.

Dave van Niekerk, CEO of MyBucks, said: “The IPO is an important milestone for our Company’s growth as it will enable us to evolve our current business model in our existing operations, as well as expand into new markets. Our ultimate goal is to drive financial inclusion through digital technology.”

The shares of MyBucks includes trading on the Entry Standard of the Frankfurt Stock Exchange (ISIN: LU1404975507; WKN: A2AJLT) from 23 June 2016 onwards. Hauck & Aufhäuser acted as Sole Global Coordinator and Sole Bookrunner.

MyBucks is a FinTech company based in Luxembourg that delivers seamless financial services through technology. Through its brands GetBucks, GetBanked and GetSure the company offers unsecured consumer loans, banking solutions as well as insurance products to customers. MyBucks has experienced exponential growth since its inception in 2011 and has operations in nine African and two European countries. MyBucks aims to ensure that its product offering is accessible, simple and trustworthy, in comparison to traditional, non-technological methods, ultimately working towards enhancing the benefits to the customer. The MyBucks’ product offering enables customers to manage their financial affairs easily and conveniently.

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