25th Nov 2015 07:56
LONDON (Alliance News) - Paysafe Group PLC, formerly known as Optimal Payments PLC, said Wednesday it plans to move to the London Stock Exchange's main market from its current listing on AIM, and expects to be eligible for inclusion in the FTSE 250 Index.
It expects for its trading on AIM to be cancelled December 23. The company does not plan to raise any funds or issue any new shares in relation to its admission to the main market.
Following the company's acquisition of rival Skrill in August, it said it considers the move will increase its profile, assist in the liquidity of its shares and provide it with a greater range of potential investors.
Paysafe expects to be considered for inclusion in the FTSE 250 Index at the quarterly review in March 2016.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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