TORONTO, July 4, 2024
/CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF)
(FSE: AC00) ("Banxa'' or the "Company") is pleased to
announce the launch of an Employee Share Purchase Plan
("ESPP"), allowing employees to purchase shares in Banxa on
the TSXV and participate in the future upside. The plan will be
rolled out in the month of July 2024
for Banxa's Australian, US, Europe
and UK based employees.
Holger Arians, Chairman and CEO, said: "We are launching the
ESPP to facilitate employees increasing their participation in
Banxa's upside. I believe this plan will foster an ownership
mindset and create greater alignment amongst employees to Banxa's
long term success. Employees can now more adequately take part in
our collective performance as we continue to drive innovation."
Key ESPP Terms
- Employee contribution of up to 10% of gross pay
- 40% employer matching, subject to one year lock-up
- Contributions remitted automatically on a monthly
frequency
NON-CORE ASSET SALE
On June 25, 2024, Banxa completed
the sale of a non-core asset, the domain name
Bitcoin.co.uk, for EUR $266,500 (USD $287,514). Total consideration of EUR
$239,835 (USD $258,746) was received on June 25, 2024 - consideration price included a
commission fee of EUR $26,650 (USD
$28,751). The carrying value of the
domain name at the date of disposal was nil.
ABOUT BANXA HOLDINGS INC.
Banxa is the leading infrastructure provider for enabling
embedded crypto - empowering businesses to embed
crypto seamlessly into their existing platforms and
unlocking new opportunities in the rapidly evolving
crypto economy. Through an extensive and growing
network of global and local payment solutions and regulatory
licenses, Banxa helps businesses provide seamless integration of
crypto and fiat for global audiences with lower fees
and higher conversion rates. Headquartered in the USA, Europe,
and Asia-Pacific, the Banxa team
is building for a world where global commerce is run on digital
assets. For further information visit www.banxa.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "Zafer Qureshi"
Zafer Qureshi = Executive Director
and Head, Corporate Affairs, +1-888-332-2692
Forward-Looking Information
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends" or "anticipates", or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "should", "would" or "occur". This
information and these statements, referred to herein as
"forward‐looking statements", are not historical
facts, are made as of the date of this news release and include
without limitation, statements regarding discussions of future
plans, estimates and forecasts and statements as to management's
expectations and intentions.
These forward‐looking statements involve
numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking
statements. Although management of the Company has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements or forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements and forward-looking information. Readers are cautioned
that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial
out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe
harbor.
SOURCE Banxa Holdings Inc.