HiPay: A Payments Pure Player
91% of Shareholders Approve Divestiture
Paris, France, July 31, 2017, 8:40 a.m.: HiPay Group (ISIN code: FR0012821916 - HIPAY), a fintech company specialized in online payments, announces the sale of its subsidiary HiPay Mobile after consulting with its shareholders at the General Assembly on Friday, July 28, 2017.
Almost 64% of HiPay's shareholders participated. All proposed resolutions were passed.
With this approval, HiPay was able to hand over its micropayment subsidiary to Gibmedia under the conditions listed on June 19, 2017.
HiPay, which has a well-structured team, solidly built brand and technological platform, will now dedicate itself entirely to executing its strategy of becoming a major player in the European payments industry.
The Board of Directors would like to thank everyone who participated.
Next financial communication: November 7, 2017 - 2017 Q3 Results
About HiPay
We're a global payment provider processing more than €2bn annually across 150 countries and 220 payment types. By harnessing data analytics, we help deliver valuable customer insights that enable our clients' businesses to succeed.
More information at hipay.com.
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HiPay Group is listed on the Euronext Paris Compartment C (ISIN code: FR0012821916 - mnemo: HIPAY).
Press Contact
Laetitia Lamari
+33 (0)1 73 03 89 94
press@hipay.com
This press release does not constitute an offer to sell or a solicitation of an offer to buy HiPay Group shares. If you wish to obtain more information about HiPay Group, please refer to our website hipay.com, under the Investors heading. This press release may contain some forward-looking statements. Although HiPay Group considers that these statements are based on reasonable statements on the publication date of this release, they are by their very nature subject to risks and uncertainties that could cause the actual results to differ from those indicated or projected in these statements. HiPay Group operates in a continual ly changing environment and new risks could potentially emerge. HiPay Group assumes no obligation to update these forward-looking statements, whether to reflect new information, future events or other circumstances.
