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Nets A/S: Nets has purchased the remaining shares in EDIGard AS

ID: 1483743
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(Thomson Reuters ONE) -


Company announcement Nets A/S
No. 1/2017 Lautrupbjerg 10
  DK-2750 Ballerup

www.nets.eu
Company Registration no. 37427497

31 January 2017



Nets has purchased the remaining shares in EDIGard AS

With reference to Nets A/S''s prospectus dated 13 September 2016, Nets has today
purchased the remaining 42.3% shares in EDIGard AS for a cash consideration of
DKK 37 million. In 2013, Nets issued a convertible loan to EDIGard AS. The loan
was converted into a majority shareholding in 2014, and an agreement on Nets''
purchase of the remaining shares was entered into at the same time. On 31
December 2016, EDIGard was owned 57.7% by Nets and 42.3% by its founders and key
employees.

Tom Scharning, Senior Vice President, Corporate Services in Nets, says
"We have been developing EDIGard in a partnership with the founders since 2013,
and I am delighted to look back at the excellent development of this company.
EDIGard''s digitisation technology has strengthened our ability to deliver more
flexible services with short time-to-market to our customers."

About EDIGard
EDIGard AS provides the digital distribution platform ediEX, which is a solution
for digitising processes within corporates and banks. EDIGard AS'' largest
customer base is in Norway, but the company also provides services to customers
in other Nordic countries. Nets is using the ediEX technology to optimise
internal processes. The company has seen a solid growth over the last years.
EDIGard AS is part of the offering from the Corporate Service business segment.

The share purchase was funded by Nets'' own cash and existing credit facilities
and in accordance with Nets'' capital allocation principles, where investments in


organic growth and add-on acquisitions are prioritised.


For further information, please contact:

For media enquiries:
Karsten Anker Petersen, Head of Communications, at +45 29 48 78 83 or
kapet(at)nets.eu

For investor enquiries:
Lars Oestmoe, Head of M&A and IR, at +47 91 34 71 77 or lostm(at)nets.eu



Information on Nets
Nets is a leading provider of digital payment services and related technology
solutions across the Nordic region. Nets sits at the centre of the digital
payments ecosystem and operates a deeply entrenched network, which connects
merchants, corporate customers, financial institutions and consumers enabling
them to make and receive payments as well as, increasingly, utilise value-added
services to help them improve their respective activities.

Company Announcement 1_17_EDIGard_final:
http://hugin.info/173023/R/2074838/780065.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Nets A/S via GlobeNewswire






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Date: 01/31/2017 - 16:56
Language: English
News-ID 1483743
Character count: 2554
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Firma: Nets A/S
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Stadt: Ballerup
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