LONDON, UNITED KINGDOM –
Media OutReach Newswire – 17 March 2025 –
Diginex Limited ("Diginex" or the "Company")(Nasdaq: DGNX), an
impact technology company specializing in environmental, social, and
governance ("ESG") issues, today announced the signing of two memorandum
of understandings ("MOUs") to pursue a broad strategic partnership to
facilitate Diginex with its planned expansion in the United Arab
Emirates ("UAE") and the broader Gulf Cooperation Council region
("GCC"), which includes assisting the Company with a dual listing of the
Company's ordinary shares on the Abu Dhabi Securities Exchange ("ADX")
and a planned capital raise of up to USD$250 million focused on large
institutional investors based in the GCC. This strategic move is
expected to bolster Diginex's growth trajectory, with the capital
financing to fund multiple acquisitions and accelerate Diginex's
regional as well as global expansion initiatives.
The MOUs mark a significant milestone for Diginex as it seeks to tap
into the vibrant Middle Eastern capital markets while enhancing its
presence in one of the world's fastest-growing financial hubs. The dual
listing on ADX, alongside its existing Nasdaq listing and recent cross
listing on the Frankfurt Stock Exchange and Tradegate, will provide
Diginex with access to a broader investor base and increased liquidity
to support its ambitious growth plans.
On February 25, 2025, ADX and Nasdaq announced further integration in
their tie-up with one another. The integration of trading platform
infrastructure opens up a pathway for desirable Nasdaq listed companies
to dual-list in Abu Dhabi, and Diginex is proud to be included in the
first cohort of companies to go through such process. Upon completion of
the listing process Diginex will be the first technology company listed
on the ADX, and with a sustainability focus it stands to benefit from
the regions commitment to sustainable finance, which stands at publicly
committed funds for sustainable lending of more than USD$135bn.
Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, said "This
strategic partnership and planned capital raise reflects our
long-standing commitment to both technology and sustainability in the
UAE. We must address sustainability challenges, develop strategic
frameworks, and craft innovative solutions to ensure a prosperous future
for all. Sustainability is a cornerstone of the nation's strategies, as
the UAE continues its unwavering efforts to harness resources and
capabilities to drive global sustainable economic and social
development."
The anticipated capital raise pursuant to the MOUs will fuel Diginex's
acquisition strategy, targeting innovative firms in the AI,
sustainability, and supply chain sectors by leveraging access to a new
regional investor base and opportunities in the UAE, broader GCC region,
and support Diginex's global growth goals.
"We are honoured and excited to welcome a member of Royal Family of Abu Dhabi as a strategic partner," said
Miles Pelham, Chairman of Diginex. "We believe this partnership
will support Diginex in establishing key relationships with regional and
global financial institutions, banks, and strategic partners aligned
with their business objectives. Our objective is to make Diginex a
leader in ESG sustainable RegTech, utilizing gold-standard industry
partnerships, blockchain, and AI technology within the UAE and GCC
region"
The dual listing process will adhere to ADX's rigorous listing
standards, ensuring transparency and investor protection. Diginex
anticipates completing the necessary regulatory steps and
capital-raising activities in the next two quarters, with further
details to be announced as the partnership progresses. However, a dual
listing comes with its normal regulatory processes and there can be no
assurance that Diginex's planned dual listing of its ordinary shares on
the ADX and capital raise will be successful.
Disclaimer
Not for release, publication or distribution, directly or indirectly,
in the United States, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other
measures.
This press release is issued pursuant to Rule 135(e) under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"). This
press release and the information it contains do not, and will not,
constitute an offer to sell, nor the solicitation of an offer to
purchase, any securities of Diginex in the United States (or to or from
any U.S. person) or any other jurisdiction where restrictions may apply.
Diginex's securities have not been and will not be registered under the
U.S. Securities Act, or any state securities laws, and may not be
offered or sold in the United States (or to any U.S. person) absent
registration or an applicable exemption from registration under the U.S.
Securities Act and applicable state securities law. Any public
offering of Diginex's securities to be made in the United States will be
made by means of a prospectus that may be obtained from Diginex and
such prospectus will contain detailed information about Diginex, its
management, and its financial statements.