SANDPIPER Digital Payments AG expects a change in the shareholder structure (english)
- Major shareholder of SANDPIPER informs the company of strategic alignment
- Free float shall be increased significantly and the entry of strategic and institutional investors shall be enabled
St. Gallen / Switzerland, 13th of December 2017: SANDPIPER Digital Payments AG (BX Berne eXchange, Ticker: SDP, www.sandpiper.ch, Open Market, Frankfurt, ISIN: CH0033050961), with focus on digital payment systems and access control solutions, was informed today that its major shareholder has decided on a „carveout“.
Mountain Partners AG, largest shareholder of SANDPIPER with just over 46%, intends to distribute its shares in SANDPIPER to its own shareholders and thereby increase the free float of the company significantly. The closing of the transaction is not expected before the end of January 2018.
Furthermore, investors are considering to invest in SANDPIPER in the form of a minority shareholding and are conducting talks with the company, as already disclosed in a company announcement on the 5th of December 2017. The result could include a changed shareholder structure and expansion of the free float.
About SANDPIPER Digital Payments AG
SANDPIPER Digital Payments AG, www.sandpiper.ch, is a stock-listed holding company with a focus on innovative payment systems, solutions for marketing and
customer retention as well as IT-services, access control and security. The company ranks amongst the leading and largest operators of closed- and open-loop proximity payment solutions in field of high schools, events and digital content networks.
SANDPIPER holds a majority stake in the companies Multicard NL B.V., InterCard AG Informationssysteme, Ergonomics AG, IDpendant GmbH as well as PAIR Solutions GmbH.