We are pleased to announce that Shore Capital is acting as Financial Adviser, Broker and Nominated Adviser to SafeCharge on the Recommended Cash Acquisition by Nuvei Bidco, a wholly-owned indirect subsidiary of Nuvei Corporation.
Under the terms of the Acquisition, the fully diluted share capital of SafeCharge is valued at approximately US$889m. Shareholders will be entitled to receive US$5.55 in cash for each SafeCharge Share.
It is intended that the Acquisition will be implemented by way of a court-sanctioned scheme of arrangement under Part VIII of the Guernsey Companies Law. The Acquisition will be put to Scheme Shareholders at the Scheme Court Meeting and at the General Meeting. In order to become effective, inter alia, the Scheme must be approved by a majority in number of the Scheme Shareholders present and voting (and entitled to vote) at the Scheme Court Meeting, either in person or by proxy, representing not less than three quarters in value of the Scheme Shares held by those Scheme Shareholders.
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About Shore Capital
Shore Capital is an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complimented by our experienced corporate advisory finance and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also one of the largest market makers in the London market; the 3rd largest market maker on AIM by volume of trades.
Our cross disciplinary team has deep and market leading experience in a wide range of sectors covering: Consumer, Financials, Healthcare, Natural Resources, Real Estate, Support Services, Technology, Media and small and mid-cap UK and Irish companies. Our research on over 200 companies is distributed to an extensive institutional client base in the UK, USA, Ireland and the Nordic region.
Shore Capital is a trading name for both Shore Capital Stockbrokers Limited (FRN: 124784) and Shore Capital and Corporate Limited (FRN: 146629) both authorised and regulated by the Financial Conduct Authority.