Paysafe Principal Shareholder Cannae Holdings Purchased $22.2 Million in Paysafe Common Shares
January 04 2022 - 7:00AM
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.
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Media Kate Aldridge kate.aldridge@paysafe.com +44 750 079 7547
Investors Kirsten Nielsen kirsten.nielsen@paysafe.com +1 (646)
901-3140
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