Zip provides fair, flexible and transparent payment options to individual consumers and SMBs, helping them to take control of their financial future and helping merchants to grow their businesses. One of the fastest-growing BNPL providers globally, Zip has a presence in Australia, Canada, Czech Republic, India, Mexico, New Zealand, the Philippines, Poland, Saudi Arabia, Singapore, South Africa, UAE, the United Kingdom and the USA. On a mission to be the first payment choice everywhere and every day, Zip offers point-of-sale credit and digital payment services in 14 markets around the world, including through strategic investments, connecting millions of customers with its global network of tens of thousands of merchants. Release approved by the Company Secretary on behalf of the Board.ĭirector, Investor Relations general investor enquiries, email ZipĪSX-listed Zip Co Limited ACN 139 546 428 (Z1P: ASX) or ("Zip") is a leading global financial services company, offering innovative, people-centred products that bring customers and merchants together. The attached letter to shareholders, SPP Offer Document and application form are being dispatched to shareholders, and the SPP offer will open at 9.00am (Sydney time) today. The SPP is not underwritten and Zip may decide to increase this cap and accept oversubscriptions and/or scale back applications under the SPP at its absolute discretion. Zip is seeking to raise approximately $50 million (before costs) under the SPP. a 2% discount to the volume weighted average price of Zip's shares traded on the ASX during the five trading days up to and including Friday, 1 April 2022 (being the date the offer closes), rounded to the nearest cent.$1.90, which is the same price at which shares were issued under the Placement and.Shareholders who were on the Company register at 7:00pm (Sydney time) on Friday, 25 February 2022 are being given the opportunity to subscribe for up to $30,000 worth of new shares (subject to the terms and conditions of the SPP) in Zip at an issue price equal to the lesser of: Zip Co Limited (ASX: Z1P) (" Zip", or the " Company"), as announced to the ASX on 28 February 2022 and 1 March 2022, Zip successfully conducted a fully underwritten institutional placement new fully paid ordinary shares to institutional, sophisticated and professional investors raising A$148.7 million (before costs) at an issue price of $1.90 (the Placement). NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES
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