Paysafe Principal Shareholder Cannae Holdings Purchased $22.2 Million in Paysafe Common Shares

Rhea-AI Summary

Paysafe Limited (NYSE: PSFE) disclosed that Cannae Holdings, Inc. (NYSE: CNNE) purchased approximately 5.7 million shares of its common stock for about $22.2 million in December 2021. This acquisition increased Cannae's holdings to 59,758,641 shares, representing 8.26% of Paysafe's outstanding shares. The announcement follows a previous report of Paysafe leadership purchasing approximately 737,000 shares in late 2021. The transaction aims to reflect Cannae's confidence in the direction of Paysafe.

Positive

• Cannae acquired 5.7 million shares, indicating strong investor confidence.
• Total investment by Cannae in Paysafe reached approximately $22.2 million.

Negative

• None.

LONDON--(BUSINESS WIRE)-- Paysafe Limited (NYSE: PSFE), a leading specialized payments platform, today announced that Cannae Holdings, Inc. (“Cannae”) (NYSE: CNNE), through its subsidiary, has purchased approximately 5.7 million shares of Paysafe’s common stock through a series of open market transactions in late December 2021 in accordance with the Company’s securities trading policy and applicable securities laws. As of December 31, 2021, Cannae owned 59,758,641 common shares, which represents approximately 8.26% of Paysafe’s outstanding common shares.

William P. Foley, II, Chairman of Cannae, commented, “Based on our confidence in the path Paysafe is now on, Cannae has acquired an additional 5.7 million shares in open market transactions totaling $22.2 million.”

Today’s announcement follows the Company’s December 8 announcement that Paysafe leadership and independent directors purchased approximately 737,000 shares of Paysafe’s common stock through open market transactions in November and December 2021.

The 13D filing can be found at: https://www.sec.gov/Archives/edgar/data/1704720/000119312522000635/d206562dsc13d.htm

About Paysafe Limited

Paysafe Limited (“Paysafe”) (NYSE:PSFE) (PSFE.WS) is a leading specialised payments platform. Its core purpose is to enable businesses and consumers to connect and transact seamlessly through industry-leading capabilities in payment processing, digital wallet, and online cash solutions. With over 20 years of online payment experience, an annualised transactional volume of US $100 billion in 2020 and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics and the convergence between brick-and-mortar and online payments. Further information is available at www.paysafe.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220104005354/en/

Media

Kate Aldridge

kate.aldridge@paysafe.com

+44 750 079 7547



Investors

Kirsten Nielsen

kirsten.nielsen@paysafe.com

+1 (646) 901-3140

Source: Paysafe Limited

FAQ

What recent stock transaction did Cannae Holdings complete regarding Paysafe?

Cannae Holdings purchased approximately 5.7 million shares of Paysafe's common stock for about $22.2 million.

What percentage of Paysafe's outstanding shares does Cannae Holdings own?

Cannae Holdings owns approximately 8.26% of Paysafe's outstanding common shares.

When did Cannae Holdings acquire additional shares of Paysafe?

Cannae Holdings acquired the additional shares in late December 2021.

What was the total number of shares Cannae Holdings owned after the recent purchase?

After the purchase, Cannae Holdings owned 59,758,641 shares of Paysafe.