Jumia Announces "at the market offering” Sales Agreement with Citi
Jumia Technologies AG (“Jumia”), the leading pan-African
e-commerce platform, today announced that it had entered into an
“at the market offering” sales agreement with Citigroup Global
Markets Inc. (“Citi”) for an aggregate 7,969,984 of Jumia’s ADSs.
Jumia intends to use the net proceeds from this offering for
general corporate purposes. The amount of net proceeds will depend
upon the market price at which the ADSs are sold.
A shelf registration statement was previously filed with the SEC
and declared effective by the SEC on July 30, 2020. A prospectus
supplement adds to, updates or otherwise changes information
contained in the accompanying prospectus and has been filed with
the SEC and is available on the SEC’s website located at
www.sec.gov. Prospective investors should read the prospectus, the
prospectus supplement and other documents the Company has filed
with the SEC (some of which are incorporated by reference into the
prospectus and prospectus supplement) for more complete information
about the Company, the at the market offering and the risks the
Company currently is facing. You may obtain copies of the
prospectus supplement and accompanying prospectus relating to the
offering without charge by visiting the SEC’s website at
www.sec.gov. Alternatively, Jumia, Citi or any dealer participating
in the offering will arrange to send you the prospectus and the
prospectus supplement if you request them by writing to Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717; (Tel: 800-831-9146).
Jumia’s ADSs are listed on the New York Stock Exchange, or NYSE,
under the symbol “JMIA.” On November 27, 2020, the closing sale
price of our ADSs was $36.89 per ADS.
This press release is for informational purposes only and is not
an offer to sell or the solicitation of an offer to buy any ADSs of
the Company, which is made only by means of a prospectus supplement
and related prospectus. There will be no sale of ADSs in any
jurisdiction in which the offer, solicitation of an offer to buy or
sale would be unlawful.
Jumia is the leading pan-African e-commerce platform. Jumia’s
platform consists of its marketplace, which connects sellers with
consumers, its logistics service, which enables the shipment and
delivery of packages from sellers to consumers, and its payment
service, which facilitates transactions among participants active
on our platform in selected markets.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements in this release include, but
are not limited to, statements concerning the terms of the proposed
offering. Risks and uncertainties that could cause actual outcomes
and results to differ materially from those contemplated by the
forward-looking statements are included under the caption “Risk
Factors” in Jumia’s registration statement on Form F-3.
Forward-looking statements speak only as of the date the statements
are made and are based on information available to Jumia at the
time those statements are made and / or management's good faith
belief as of that time with respect to future events. Jumia assumes
no obligation to update forward-looking statements to reflect
events or circumstances after the date that they were made, except
as required by law.
version on businesswire.com: https://www.businesswire.com/news/home/20201130005605/en/
Safae Damir Head of Investor Relations
Abdesslam Benzitouni Head of PR and