Grupo Supervielle SA

10/21/2020 | Press release | Distributed by Public on 10/21/2020 18:27

Grupo Supervielle joins Play Digital S.A. as Shareholder

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), a universal financial services group in Argentina with nationwide presence, announces that on October 20, 2020, has made an initial irrevocable capital contribution of ARS$ 34,571,700 to subscribe 32,514,069 ordinary, book-entry shares, with a par value of AR$ 1 each and entitled to 1 vote per share, at a price of AR$ 1.0633 per share (par value plus a share premium of AR$ 0.0633). This, will allow it to acquire up to 3.7932% of the capital stock and votes of Play Digital S.A., a company incorporated in Argentina and registered in the Registro Público de Comercio (Public Registry of Commerce) under number 5995 of Stock Company Book number 99 ('Play Digital').

The purpose of Play Digital is to develop, market and implement a digital payment solution and the provision of related services, to be offered to Supervielle's customers. With this investment, Grupo Supervielle S.A. will become a shareholder of Play Digital together with other financial entities in the market.

Through this acquisition, Grupo Supervielle seeks to expand its financial services offering to its clients throughout the country, integrating technologies that facilitate the use of its mobile Apps , and allowing customers to conduct digital payments and transfers through a high-quality systemic solution.