# Eurowag non-executive director Morgan Seigler resigns after TA Associates sells stake

> Morgan Seigler resigned as Eurowag non-executive director on 23 October 2026 after TA Associates sold its shareholding.

- Published: 2026-10-26T10:08:17+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-26/eurowag-morgan-seigler-resigns-board
- Source: [TradingView](https://www.tradingview.com/news/reuters.com,2026-10-26:newsml_RSZ4213Aa:0-reg-eurowag-directorate-change/)

## Key takeaways

- Morgan Seigler resigned as a non-executive director of W.A.G payment solutions plc with effect from 23 October 2026.
- Seigler had served on the Eurowag board since the company's IPO in 2021 and was TA Associates' designated representative.
- TA Associates sold its entire Eurowag stake in a placing of 88.5 million shares at £1.00 each, with the company receiving no proceeds.

Morgan Seigler resigned as a non-executive director of W.A.G payment solutions plc, the company known as Eurowag, with effect from 23 October 2026, TradingView [reported](https://www.tradingview.com/news/reuters.com,2026-10-26:newsml_RSZ4213Aa:0-reg-eurowag-directorate-change/). The resignation followed TA Associates' disposal of its shareholding in the company on the same date.

## Seigler's Tenure as TA Associates' Board Representative

Seigler was appointed to the board as the designated representative of TA Associates Management L.P. He had served on the board since the company's IPO in 2021 and had been a supporter of Eurowag for more than ten years, the company said.

"His rigorous challenge has strengthened the business and contributed directly to Eurowag's success," the company said, adding that the board thanked him for his contribution.

Eurowag was founded in 1995 and describes itself as a technology company and partner to Europe's commercial road transport industry. It is listed on the London Stock Exchange under the ticker EWG and is a constituent of the FTSE 250, according to its [investor site](https://investors.eurowag.com).

## TA Associates' Exit From the Eurowag Register

TA Associates sold its entire stake in Eurowag in a placing, offering 88.5 million shares at £1.00 each, Sharecast.com reported. Eurowag shares fell 7.7% to 101p on Friday, and the company received no proceeds from the sale.

An affiliate of TA Associates Management, Bock Capital EU Luxembourg WAG S.à r.l., had announced its intention to sell approximately 88.5 million ordinary shares in Eurowag Payment Solutions via an accelerated bookbuild, TradingView reported on 22 October 2026.

On 23 October 2026, the FTSE 250 index fell 0.22% to 24,159.31, with Eurowag dropping 5.67% after TA Associates sold its remaining stake, Sharecast.com reported.

## Eurowag's Half-Year Results Before the Board Change

Eurowag reported first-half 2026 net revenue of €179.5 million, up 10.7% year-over-year, beating analyst estimates by about 1%, Investing.com reported. Adjusted EBITDA rose 10.5% to €70.6 million, while adjusted cash EBITDA of €55.7 million fell short of consensus.

Half-year results from Energean, Gym Group and Eurowag, plus full-year results from Frontier Developments, were due on Wednesday, Sharecast.com reported on 8 September 2026.

## Companies in this story

- Eurowag (LSE: EWG) · website: https://investors.eurowag.com
- [TA Associates Management, L.P. company profile](https://akta.pro/company-profiles/005nzxs/ta-associates-management-l-p)

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