sur Payments Group Holding (ETR:DE000A1M)
The Payments Group Holding Sells 1.8 Million Treasury Shares
The Payments Group Holding GmbH & Co. KGaA (PGH) has announced the sale of 1.813 million treasury shares through a private placement, yielding proceeds of 1 million EUR. This transaction, finalized under the condition of full payment, raises the total number of outstanding shares to 11,400,000. PGH, founded in 2012 and based in Frankfurt am Main, was renamed in August 2024.
The company is in the process of acquiring four PayTech companies, with the transaction expected to close by summer 2025. Collectively, these entities will constitute The Payments Group, a vertically integrated e-Money PayTech company. TPG aims to become a leader in embedded financial products and prepaid solutions, while leveraging its e-money license from the Malta Financial Services Authority.
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