Completion of Secondary Placing



24 January 2014

Optimal Payments Plc

Completion of Secondary Placing

Further to the announcement earlier today regarding the proposed secondary placing (the "Placing"), Optimal Payments Plc (AIM:OPAY) ("Optimal Payments" or the "Company") is pleased to announce that, on 24 January 2014, a total of 44,634,535 ordinary shares of 0.01 pence each in the Company (the "Ordinary Shares") were successfully placed with both existing and new institutional investors at a price of 365 pence per share (the "Placing Shares").

Of the Placing Shares, IIU Nominees Limited ("IIU") successfully sold 40,186,032 Ordinary Shares and, following the Placing, IIU no longer has a beneficial interest in the Company.

Optimal Payments' President and CEO, Joel Leonoff, commented: "We thank IIU for their support through the past five years as a significant shareholder of Optimal Payments and wish them every success in their future endeavours. The successful placement of IIU's shares demonstrates the confidence that investors have in the Company's prospects. We believe that our commitment to expanding the business and continued targeted investment will help drive sustained future growth in 2014, 2015 and beyond."

Dermot Desmond, the ultimate beneficial owner of IIU's shares, commented "We thank Joel Leonoff and his team for their contribution to the success of Optimal Payments and for their hard work during the period that IIU has been a shareholder. We look forward to seeing the Company continue on its path of growth and profitability and wish them continued success."

For further information contact:

Optimal Payments Plc + 44 (0) 20 7182 1707

Jessica Stalley, Head of Investor Relations

[email protected] 

Canaccord Genuity Limited

Corporate Broking + 44 (0) 20 7523 8000

Simon Bridges

Cameron Duncan

ECM

Tim Redfern

Kit Stephenson

Citigate Dewe Rogerson +44 (0) 20 7638 9571

Caroline Merrell

[email protected] 

Important Notice

No representation or warranty express or implied is, or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Canaccord or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Canaccord, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting only for IIU and Aurum Nominees Limited ("Aurum") in connection with the Placing and will not be responsible to anyone other than IIU or Aurum for providing the protections offered to the clients of Canaccord, nor for providing advice in relation to the Placing or any matters referred to in this announcement.