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Consequences of Atos partial sell of its minority stake in Worldline and of SIX Group AG decision to enters into an equity collar transaction related to part of its holding in Worldline

Consequences of Atos partial sell of its minority stake in Worldline and of SIX Group AG decision to enters into an equity collar transaction related to part of its holding in Worldline

Bezons, October 30th, 2019

Worldline informs about the consequences of the announcements made on October 29th, 2019:

  • by Atos to sell part of its minority stake in Worldline; and
  • by SIX Group AG to enter into an equity collar transaction related to part of its holding in Worldline;

On:

  • the CHF 166 million contingent consideration related to Worldline’s acquisition of SIX Payment Services, which corresponded to a potential compensation up to CHF 166 million to be paid by Worldline to SIX Group AG in case Worldline share price is below € 53 in March 2020 ;
  • Worldline’s corporate governance; and
  • Worldline’s free float and stock liquidity

 

Termination of the CHF 166 million contingent consideration related to Worldline’s acquisition of SIX Payment Services

Further to the announcement by SIX Group AG of the entry into a collar transaction on Worldline shares, the agreement regarding the Contingent Consideration of CHF 166 million is terminated with no payment to be made by Worldline to SIX Group AG in that respect, in accordance with the agreements between SIX Group AG and Worldline.

Slight evolution in Company’s corporate governance

The transactions announced by Atos and Six Group AG do not affect their current Shareholders Agreement. As a consequence, after completion of the announced transactions, the Board composition of Worldline should be adjusted according to the provisions of this Shareholder Agreement, by transforming one director designated by Atos into a censor position.

Increase in free float and stock liquidity

More broadly, Worldline welcomes the significant increase of its free float and stock liquidity triggered by the announcements of Atos and SIX Group AG, which are positive and important elements for the pursuit of the strategic agenda of the company, in the perspective of the acceleration of the European payment consolidation.

 

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About Worldline

Worldline (Euronext: WLN) is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. With innovation at the core of its DNA, Worldline core offerings include Pan-European and domestic Commercial Acquiring for physical or online businesses, secured payment transaction processing for banks and financial institutions, as well as transactional services in e-Ticketing and for local and central public agencies.

Thanks to a presence in 30+ countries, Worldline, as European leader in the payment and transactional services industry is the payment partner of choice for merchants, banks, public transport operators, government agencies and industrial companies, delivering cutting-edge digital services.

Worldline activities are organized around three axes: Merchant Services, Financial Services including equensWorldline and Mobility & e-Transactional Services. Worldline employs circa 11,000 people worldwide, with pro forma 2018 revenue of 2.2 billion euros. worldline.com

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