Vantiv, Inc. Offer Update
August 15 2017 - 2:00PM
Dow Jones News
TIDMTTM TIDMWPG
RNS Number : 0945O
Vantiv, Inc.
15 August 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.
15 August 2017
VANTIV, INC.
COMPLETION OF FIFTH THIRD BANK TRANSACTION AND INTENTION TO VOTE
IN FAVOUR OF SHARE ISSUANCE AND PUBLICATION OF LENDER
PRESENTATION
Completion of Fifth Third Transaction
On 9 August 2017, Vantiv, Inc. ("Vantiv") and Fifth Third Bank
("Fifth Third"), a shareholder of Vantiv, completed a transaction
pursuant to the terms of which Fifth Third exercised its right to
exchange 19,790,000 Class B units in Vantiv Holding, LLC, a
subsidiary of Vantiv, for 19,790,000 newly-issued shares of
Vantiv's Class A common stock (whereupon 19,790,000 corresponding
shares of Vantiv Class B common stock held by Fifth Third were
automatically cancelled). Immediately thereafter, Vantiv purchased
those newly-issued shares of Class A common stock directly from
Fifth Third at a price of $64.04 per share, the closing share price
of Vantiv's Class A common stock on the New York Stock Exchange on
4 August 2017 (the "Fifth Third Transaction").
Fifth Third Intention to Vote in Favour of Vantiv Share
Issuance
In respect of the completion of the Fifth Third Transaction,
Vantiv has filed a Form 8-K, and Fifth Third has filed a Schedule
13D, with the U.S. Securities and Exchange Commission. Vantiv is
pleased to note that Fifth Third has stated in that Schedule 13D
that it currently intends to vote all the shares of Vantiv Class B
common stock that it holds at the relevant time in favour of the
resolution to be proposed at the meeting of Vantiv's stockholders
to approve the issuance of stock to Worldpay ordinary shareholders
in connection with Vantiv's offer for Worldpay. As of 15 August
2017, Fifth Third holds 15,252,826 shares of Vantiv Class B common
stock.
Publication of Lender Presentation
In connection with the proposed amendments to Vantiv's existing
credit facilities, today Vantiv has published a lender presentation
which has been uploaded to Vantiv's website at
http://info.vantiv.com/vantiv-worldpay-announce-recommended-merger.html.
Enquiries
Vantiv
Nathan Rozof, Investor Relations
Andrew Ciafardini, Corporate +1 513 900 4811
Communications +1 513 900 5308
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
August 15, 2017 13:45 ET (17:45 GMT)
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