MYBUCKS S.A.
DGAP-News: MyBucks S.A.
/ Key word(s): AGM/EGM/Personnel
/ MyBucks S.A. / Key word(s): Personnel NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. OTHER RESTRICTIONS ARE ALSO APPLICABLE. MyBucks S.A. Announces Changes to its Board of Directors - Appointment of Dirk Harbecke as Independent Non-Executive Chairman - Appointment of Loc D. Nguyen as Non-Executive Director - Cornel Vermaak and Trevor Joslin to step down as Non-Executive Directors
Dirk Harbecke will succeed Markus Schachner, who served as chairman since April 2019 and will continue to serve as a non-executive director. In this first phase of the restructuring since April 2019, EUR 64m of claims have been converted into equity, non-core subsidiaries and assets have been sold, and significant cost cutting measures have been successfully implemented. Alongside Dirk Harbecke, Loc D. Nguyen, will be joining the Board of Directors. Loc has c. 40 years of financial services experience, out of which c. 8 years with Citicorp and 9 years with Barclays. Loc is a Swiss national, who has operated in Europe, Asia and the Americas. At the same time, Cornel Vermaak and Trevor Joslin will step down and not put themselves up for re-election at the upcoming Annual General Meeting on Friday 31 January 2020. Notice and registration documents for the AGM are available on the Company's website. MyBucks CEO Timothy Nuy adds "We are very pleased to welcome Dirk Harbecke and Duc Loc Nguyen to our Board of Directors and look forward to working closely with them through the next phase of the Company's development. We also want to thank Cornel and Trevor for their dedication to the Company during their terms as a Director, and to thank Markus Schachner for taking on the Chairman role since March 2019."
About MyBucks MyBucks S.A. is a FinTech company domiciled in Luxembourg that delivers financial services through technology. MyBucks operates in six African countries through its brands GetBucks, GetSure, MBC, and Opportunity Bank. The Group offers credit, banking solutions and insurance products to customers. The MyBucks product offering enables customers to manage their financial affairs easily and conveniently. Discover more at http://www.mybucks.com
Important Notice: This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of MyBucks S.A. in the United States, Germany or any other jurisdiction. This publication is not intended, either directly or indirectly, for dissemination or distribution to the USA or within the USA (including its territories and possessions, a U.S. federal state and the District of Columbia) and may not be distributed or forwarded to 'U.S. persons' (as defined in Regulation S of the U.S. Securities Act of 1933 in the applicable version ('Securities Act')) or to publications which are widely available in the USA. This publication does not constitute an offer - or a request to issue an offer - to buy or acquire securities in the USA, nor is it part of such an offer or request. The securities are not and will not be registered in accordance with the provisions of the Securities Act and may only be sold or offered for purchase in the USA with prior registration in accordance with the provisions of the Securities Act in the version currently applicable or, in the absence of prior registration, if an exemption is granted. MyBucks S.A. does not intend to make a public share offer in the USA. Subject to certain exceptions under applicable securities laws, the securities referred to in this publication may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan. No action has been taken that would permit an offering of securities or their subscription or the distribution of this publication in any jurisdiction where such offering, subscription or distribution is prohibited. Persons who obtain this publication are required to inform themselves about potential restrictions and to observe any such restrictions. This publication contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of MyBucks S.A. and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting MyBucks S.A. such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. MyBucks S.A. does not assume any obligation to update any forward-looking statements. The information contained in this publication is for background purposes only and does not purport to be full or complete. No reliance may be placed, for any purpose, on the information contained in this publication or its accuracy or completeness. The information in this publication is subject to change. Neither the bank nor any of their directors, officers, employees, advisers or agents accept any responsibility or liability whatsoever for or make any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this publication (or whether any information has been omitted from the publication) or, with limited exception, other information relating to MyBucks S.A., its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and independent from how it was transmitted or made available, or for any loss in any way arising from any use of this publication or its contents or otherwise arising in connection therewith.
16.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | MyBucks S.A. |
| 9 rue du Laboratoire | |
| L-1911 Luxembourg | |
| Luxemburg | |
| Phone: | +352 2088 2123 |
| Fax: | +27 86 537 2010 |
| E-mail: | info@mybucks.com |
| Internet: | www.mybucks.com |
| ISIN: | LU1404975507 |
| WKN: | A2AJLT |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 955543 |
| End of News | DGAP News Service |
955543 16.01.2020
