9th Apr 2021 19:25
Wameja - Millers Point, Australia-based software company - Extends scheme sunset date agreed with Burst Acquisition Co Pty Ltd, a company controlled by Mastercard Inc, to May 24. The extension is to provide additional time for the resolution of the potential indemnity claims.
Back in September 2020, Wameja has agreed to a takeover by MasterCard in a deal which value the fintech company at GBP96.9 million. The two companies currently partner up as part of the HomeSend payment hub programme.
In addition to the extension of the sunset date, the parties have agreed some other amendments to the scheme that include the cash reserve requirement being reduced to EUR1.5 million from EUR4.0 million.
Current stock price: 5.80 pence, down 1.7% on Friday
Year-to-date change: down 4.9%
By Evelina Grecenko; [email protected]
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