23rd Jan 2014 17:25
Optimal Payments Plc
Conversion of Convertible Debenture
LONDON, England - 23 January 2014 - Optimal Payments Plc (AIM: OPAY) (the "Company") confirms that on 22 January 2014 it received a Conversion Notice (the "Notice") from Aurum Nominees Limited ("Aurum") in relation to a Convertible Debenture granted by the Company to Aurum on 31 January 2011 (the "Instrument").
The principal amount of the Instrument is US$4,000,000 and together with accrued interest, the outstanding amount is $4,758,153.56. The Instrument is convertible into Ordinary Shares of the Company at a price of £0.66248 per Ordinary Share.
Following receipt of the Notice, the Instrument has been converted into 4,348,503 Ordinary Shares (the "New Ordinary Shares").
Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will occur on 29 January 2014. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.
For further information contact:
Optimal Payments Plc
Elaine Swain, Company Secretary + 44 (0) 1624 698 715
Canaccord Genuity Limited
Corporate Broking + 44 (0) 20 7523 8000
Simon Bridges
Related Shares:
Paysafe Group