We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPY.L Regulatory News (WPY)

  • There is currently no data for WPY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Notice of Intention to Delist from the LSE

10 Apr 2019 07:00

RNS Number : 6872V
Worldpay, Inc
10 April 2019
 

FOR IMMEDIATE RELEASE

 

April 10, 2019

 

 

Worldpay, Inc.

 

Notice of Intention to Delist from the London Stock Exchange

 

Worldpay, Inc. ("Worldpay") announces today that it has applied for the cancellation of the listing of its shares of Class A Common Stock (the "Shares") on the standard segment of the Official List of the Financial Conduct Authority and of trading on the Main Market of the London Stock Exchange plc (the "LSE") (the "Delisting"). The Delisting is intended to take effect at or around 8:00 a.m. (BST) on May 20, 2019.

 

Following completion of the merger between Worldpay (formerly Vantiv, Inc.) and Worldpay Group plc on January 16, 2018, Worldpay continued to monitor and analyse the number of shareholders and the level of trading of Shares on the LSE. The number of shareholders trading and of Shares being traded on the LSE has decreased significantly over this period and therefore Worldpay believes that the administrative costs in connection with maintaining the listing of Shares on the LSE are no longer justified.

 

On March 18, 2019, Worldpay and Fidelity National Information Services, Inc. ("FIS") announced that they had entered into a definitive merger agreement, pursuant to which, at closing, Worldpay shareholders will be entitled to receive 0.9287 FIS shares and $11.00 in cash for each Share, which, as of March 15, 2019, the last full trading day before the public announcement of the proposed transaction, valued Worldpay at an enterprise value of approximately $43 billion (including the assumption of Worldpay's debt) (the "FIS Transaction"). As part of the FIS Transaction, Worldpay has agreed to use its reasonable best efforts to take, or cause to be taken, all actions reasonably necessary to cause the Delisting before completion of the FIS Transaction. The FIS Transaction is subject to a number of conditions, including receipt of required shareholder and regulatory approvals.

 

For the reasons stated above, Worldpay intends to proceed with the Delisting regardless of whether the FIS Transaction completes or not. As part of the Delisting, the existing depositary interest facility will be terminated and Worldpay shareholders who hold depositary interests which facilitate the trading of Shares on the LSE will be transitioned into a CREST depositary interest facility. Worldpay intends to provide a proxy service to ensure that those shareholders are still able to vote on the FIS Transaction. In addition, Worldpay shareholders who are transitioned into the CREST depositary interest facility will continue to be eligible (as at the relevant record date) to receive any consideration due to them following completion of the FIS Transaction.

 

The Shares will continue to be traded on the New York Stock Exchange pending completion of the FIS Transaction. However, following the Delisting, Worldpay will no longer be required to comply with the Listing Rules, the Disclosure Guidance and Transparency Rules or the Market Abuse Regulation.

 

Enquiries

 

Worldpay, Inc.

Nathan Rozof, Investor Relations

Andrew Ciafardini, Corporate Communications

 

+1 513 900 4811

+1 513 900 5308

Smithfield (PR adviser to Worldpay, Inc.)

John Kiely

 

+44 (0) 203 047 2538

 

Worldpay, Inc. LEI number: 213800TV56O7TZI4U902

 

About Worldpay, Inc.

 

Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global integrated omni-commerce. With industry-leading scale and an unmatched integrated technology platform, Worldpay offers clients a comprehensive suite of products and services globally, delivered through a single provider.

 

Worldpay processes over 40 billion transactions annually through more than 300 payment types across 146 countries and 126 currencies. Worldpay's growth strategy includes expanding into high-growth markets, verticals and customer segments, including global eCommerce, Integrated Payments and B2B.

 

Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as "WP" and, until the Delisting becomes effective, the London Stock Exchange as "WPY."

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCKKLFBKZFXBBQ
12
Date   Source Headline
17th May 20197:00 amRNSResult of AGM
7th May 20197:00 amRNSQuarterly Report on Form 10-Q for Q1 2019
2nd May 201912:16 pmRNS1st Quarter Results
15th Apr 201911:50 amRNSFiling of Preliminary Joint Proxy Statement
10th Apr 20197:00 amRNSNotice of Intention to Delist from the LSE
4th Apr 20197:00 amRNSNotice of AGM
18th Mar 20197:06 amRNSWorldpay and FIS enter into Merger Agreement
27th Feb 20198:00 amRNSFiling of Annual Report - Form 10-K for YE 2018
26th Feb 201912:00 pmRNSFinal Results: Full-Year 2018 Results
8th Feb 20198:00 amRNSStatement re stated post-offer intentions
9th Nov 20187:00 amRNSFiling of Quarterly Report - Form 10-Q for Q3 2018
8th Nov 201812:00 pmRNS3rd Quarter Results
19th Sep 20182:00 pmRNSDirectorate Change
10th Aug 201812:57 pmRNSFiling of Quarterly Report on Form 10-Q
9th Aug 201812:00 pmRNSHalf-year Report
16th Jul 201812:00 pmRNSReceipt of Bond Consents - Worldpay Finance plc
29th Jun 20182:00 pmRNSSolicitation of Bond Consents-Worldpay Finance plc
22nd Jun 20182:28 pmRNSLoan Repricing & Interest Rate Hedging Agreements
17th May 20187:00 amRNSResult of AGM
11th May 20187:00 amRNS1st Quarter Results - NSM
10th May 201812:14 pmRNS1st Quarter Results
10th Apr 20187:00 amRNSAppointment of Corporate Broker
5th Apr 20187:00 amRNSNotice of AGM
4th Apr 20187:00 amRNSFiling of Worldpay Group Limited Information
3rd Apr 20187:00 amRNSEntry into a Second Supplemental Indenture
1st Mar 20187:00 amRNSFiling of Annual Report on Form 10-K
28th Feb 201812:07 pmRNSFourth Quarter and Full-Year 2017 Results
26th Feb 20187:00 amRNSCompensatory Arrangements of Philip Jansen
7th Feb 20187:00 amRNSDirectorate Change
23rd Jan 201810:36 amRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
23rd Jan 201810:32 amRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
23rd Jan 20187:00 amRNSAppointment of Philip Jansen as Co-CEO
22nd Jan 20185:45 pmRNSDirector/PDMR Shareholding
19th Jan 20182:19 pmBUSForm 8.3 - worldpay inc class a
18th Jan 201812:58 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
18th Jan 201812:56 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
18th Jan 201812:54 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
18th Jan 201812:54 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
17th Jan 20183:44 pmBUSForm 8.3 - worldpay inc class a
17th Jan 20183:05 pmRNSForm 8.3 - Vantiv Inc
17th Jan 20182:05 pmRNSForm 8.5 (EPT/RI) - Replacement of WorldPay Group
17th Jan 20182:02 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
17th Jan 20182:00 pmRNSForm 8.5 (EPT/RI) - Replacement of Vantiv Inc
17th Jan 20181:52 pmRNSForm 8.5 (EPT/RI) - Replacement of WorldPay Group
17th Jan 201812:48 pmRNSForm 8.3 - Worldpay Group plc
17th Jan 201811:56 amRNSForm 8.5 (EPT/NON-RI)-Vantiv Inc & Vantiv UK Ltd
16th Jan 20184:11 pmRNSForm 8.5 (EPT/RI) - Amendment
16th Jan 20184:05 pmRNSForm 8.5 (EPT/RI) - Amendment
16th Jan 20183:00 pmRNSForm 8.3 - Worldpay Inc
16th Jan 20183:00 pmRNSForm 8.3 - Worldpay Group Plc
12

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.