13:21:13 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Mobi724 Global Solutions Inc
Symbol MOS
Shares Issued 132,368,261
Close 2017-02-17 C$ 0.365
Market Cap C$ 48,314,415
Recent Sedar Documents

Mobi724 CEO Vienneau acquires 7.36 million shares

2017-02-20 16:52 ET - News Release

Mr. Marcel Vienneau reports

MARCEL VIENNEAU EARLY WARNING PRESS RELEASE REGARDING MOBI724 GLOBAL SOLUTIONS INC.

On Feb. 9, 2017, Marcel Vienneau, the chief executive officer of Mobi724 Global Solutions Inc., acquired control over 7,365,920 common shares of the company as the consideration received for the company purchasing the remaining 49 per cent in its subsidiary Mobi724 Solutions Inc. Mr. Vienneau was part of the remaining 49-per-cent shareholders of Solutions Inc., which transaction occurred on Oct. 28, 2015. The company had initially acquired a 51-per-cent controlling interest in Solutions in July, 2013. In the purchase of the remaining 49 per cent in its subsidiary, the company agreed to anti-dilution provisions with Solutions shareholders. Pursuant to the terms of the predefined anti-dilution provisions and agreements with those shareholders, the common shares acquired by Mr. Vienneau represent 5.6 per cent of the issued and outstanding shares of the issuer. Immediately after the acquisition, Mr. Vienneau currently holds 20,955,895 common shares, representing 13.4 per cent of the outstanding shares.

The common shares were acquired in the context of an acquisition by the company of the remaining 49 per cent in shares of Solutions and not with a view of materially affecting control of the company.

This press release is being issued pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issuers), which requires a report to be filed under the company's profile on SEDAR containing additional information respecting the foregoing matters. A copy of such report may be obtained by contacting Luc Charbonneau, chief financial officer, at Mobi724 Global Solutions Inc., 257, Sherbrooke St. East, fourth floor, Montreal, Que., H2X 1E3.

About Mobi724 Global Solutions Inc.

Mobi724 Global Solutions, a leader in the fintech industry, based in Montreal (Canada), offers a unique and fully integrated suite of payment and digital marketing solutions.

Mobi724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card.

The corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enable card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver, track and measure incentive campaigns worldwide to any mobile device, and allow its redemption at any point of sales.

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