Saxo Bank Intends to List on Euronext Amsterdam via Combination with DCAC

Saxo Bank, a leading Fintech specialist that connects people to investment opportunities in global capital markets, today announced that it intends to explore a listing on Euronext Amsterdam in connection with a business combination with Disruptive Capital Acquisition Company Limited (DCAC).

The proposed business combination would comprise a secondary sale of existing Saxo Bank shares to DCAC for distribution to DCAC's shareholders; and the subsequent delisting and liquidation of DCAC, with Saxo being the ongoing Euronext listed entity.

The purpose of the potential listing of Saxo Bank is to diversify its shareholder base, raise its profile and so further accelerate its growth strategy.

Saxo Bank shareholders Geely Financials Denmark A/S and Sampo Plc intend to sell a limited proportion of their shareholding. Certain members of Saxo Bank's board and senior management team, including its founder and CEO Kim Fournais, intend to acquire additional shares alongside DCAC, should the Business Combination proceed.

Kim Fournais, CEO & Founder, Saxo Bank, comments:"We have a strong ownership, which we hope to strengthen and diversify even further, with full confidence that Saxo Bank is heading in the right strategic direction. We are building a prudent financial institution that is part of the solutions needed in the future – and we remain committed to delivering on our ambitious growth strategy. With this, I am proud to invite new shareholders into Saxo and the exciting growth journey ahead of us."

DCAC co-founder, Edi Truell, comments:"We are thrilled to have identified Saxo Bank as a high quality financial services combination for DCAC shareholders.  We look forward to bringing our shareholders aboard on Saxo's exciting journey, which we believe should provide a very attractive investment."