Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, April 29 2021 - 08:00
AsiaNet
Nayax announces the launch of its initial public offering
HERZLIYA, Israel, April 29, 2021 /PRNewswire-AsiaNet/ --

Nayax Ltd. ("Nayax") announced today that it has commenced a global initial 
public offering of its ordinary shares to institutional investors. The offering 
in Israel is being made pursuant to a prospectus filed with the Israel 
Securities Authority which is expected to be approved. Nayax proposes to sell 
up to 44,000,000 of its ordinary shares in the offering, and three existing 
shareholders (the "Selling Shareholders") propose to sell up to 19,500,000 of 
Nayax's ordinary shares in the offering, collectively. The underwriters of the 
offering will also have a 30-day option to purchase up to an additional 
9,525,000 ordinary shares from Nayax, at the initial public offering price. The 
initial public offering price is currently estimated to be between ILS 10 and 
12 per share. Nayax intends to use the proceeds from the initial public 
offering for financing and expanding Nayax's business activities in line with 
its strategy, including entry into new territories. Nayax will not receive any 
proceeds from the sale of the ordinary shares by the Selling Shareholders. 
Nayax has applied to list its ordinary shares on The Tel-Aviv Stock Exchange 
Ltd. under the ticker symbol "NYAX."

There is no assurance the offering will be completed, the timing of its 
completion, or the terms thereof. This press release shall not constitute an 
offer to sell or the solicitation of an offer to buy any securities, nor shall 
there be any sale of securities in any jurisdiction in which such offer, 
solicitation or sale would be unlawful prior to registration or qualification 
under the securities laws of any such jurisdiction.

ABOUT NAYAX
Nayax offers a complete cashless solution including telemetry, management suite 
and consumer engagement tools to retailers, including unattended retail. Nayax' 
features help operators improve their day-to-day operations and long-term 
planning, while their marketing tools assist operators in transforming 
unattended machines into 24/7 retail stores with consumer engagement 
activities. Nayax also ensures all transactions are secure with its fully EMV 
certified card readers. As a global company, Nayax's goal is to provide all 
payment methods in each region, ensuring consumers can pay with their preferred 
payment method, wherever they are located. Visit www.nayax.com for more 
information.

The securities referred to in this announcement have not been, and will not be, 
registered under the U.S. Securities Act of 1933, as amended (the "Securities 
Act") or under the securities laws of any state of the United States, and may 
not be offered, sold, resold or delivered, directly or indirectly, in or into 
the United States except pursuant to an exemption from, or in a transaction not 
subject to, the registration requirements of the Securities Act. In the United 
States, any offer of the ordinary shares will be made only to "qualified 
institutional buyers" as defined in and in reliance on Rule 144A under the 
Securities Act or another available exemption from, or in a transaction not 
subject to, the registration requirements of the Securities Act. Outside the 
United States, any offer will be made in accordance with Regulation S of the 
Securities Act.

Forward looking statement
The information included in this press release contains, or may be deemed to 
contain, forward-looking statements (as defined in the U.S. Private Securities 
Litigation Reform Act of 1995 and the Israeli Securities Law, 1968). Said 
forward-looking statements, relating to the initial public offering, are 
subject to uncertainties and assumptions and the actual results may materially 
differ. All forward-looking statements in this press release are based on 
information available to Nayax on the date hereof.  All written or oral 
forward-looking statements attributable to Nayax are expressly qualified in 
their entirety by the factors referred to above. Nayax does not intend to 
update these forward-looking statements.
 
IR Contact:
Miri Segal
MS-IR LLC
msegal@ms-ir.com
Tel: +1-917-6078654

    

Source: Nayax