SWVL inc bus hailing company

cancelled

Agreement to purchase shares, representing an equity investment of up to USD 10mn (EUR 8.8 million) of Pivotal Holdings Corp ("Holdings"), a wholly-owned subsidiary of Swvl Inc. ("Swvl"), as part of a capital increase of up to USD 466.5mn through its listing on the NASDAQ stock exchange. The closing of the purchase and sale of these shares will take place substantially concurrently with the closing of the business combination between Queen's Gambit Growth Capital and Swvl and is contingent upon customary closing conditions, the concurrent consummation of the business combination, and the entry into an investment framework agreement between the Bank and Holdings, pursuant to which Holdings will agree to comply with certain of the Bank's institutional requirements, including social and environmental policies and practices, certain corporate governance and compliance matters and use of proceeds. The Bank's investment is expected to support Swvl's rollout and expansion of its services in Egypt, Swvl's most important market in terms of size and revenue. Additionally, the Bank expects to work in partnership with Swvl to advance certain measures relating to its environmental, social and compliance policies.