2nd May 2017 17:27
For immediate release
2 May 2017
Paysafe Group plc
Director's Repayment of Fixed Term Loan and Return of Full Share Ownership Rights
Further to the announcement made on 24 March 2017 (RNS No:4796A) Paysafe Group plc (LSE: PAYS, the "Company") confirms that Joel Leonoff, President and Chief Executive Officer of the Company, has repaid in full the amount outstanding under the loan agreement (the "Agreement") between Mr Leonoff and Equities First Holdings, LLC.
Full ownership rights of the 1,500,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") have been returned to Mr Leonoff and the Agreement has been terminated.
Mr Leonoff continues to have an interest in a total of 9,768,580 Ordinary Shares, which includes the 1,500,000 Ordinary Shares referred to above, representing approximately 2.02 per cent of the issued share capital of the Company.
For further information, contact:
Paysafe Group plc
Michelle Singleton, VP Investor Relations
+44 (0) 20 3826 9800 / [email protected]
Elaine Quine, Company Secretary
+44 (0) 1624 698719 / [email protected]
Brunswick Group LLP
Brian Buckley / Rowan Brown
+44 (0) 20 7404 5959 / [email protected]
Related Shares:
Paysafe Group