1st Apr 2014 10:12
For immediate release
Optimal Payments Plc
Director's Dealings
1 April 2014 - Optimal Payments Plc (AIM: OPAY) (the "Company"), announces the following transaction in ordinary shares of 0.01p each in the Company ("Ordinary Shares") by a Director of the Company.
On 31 March 2014, the Company received notification from Mr Joel Leonoff, Chief Executive Officer and Director of the Company, that he had pledged 1,500,000 Ordinary Shares of the Company as collateral (the "Pledge Collateral") for a loan on 31 March 2014. The loan principal amount is based on an average last sale price of the Company's Ordinary Shares over three consecutive trading days, with the first trading day being the day the Pledge Collateral is received. Based on a last sale price of 360p on 31 March 2014, the loan principal amount was equal to approximately £4 million.
Following this transaction, Mr Leonoff will have the following interests in the Company's share capital:
Director | Number of Ordinary Shares prior to this pledge | Number of Ordinary Shares following this pledge | % of issued share capital | Total Number of Awards remaining under the LTIP |
Joel Leonoff | 4,053,843 | 4,053,843 | 2.51% | 380,248 (1) |
(1) These shares remain unvested subject to achievement of certain performance conditions in future years.
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For further information contact:
Optimal Payments
Elaine Swain, Company Secretary + 44 (0) 1624 698 715
Canaccord Genuity Limited + 44 (0) 207 523 8000
Simon Bridges
Cameron Duncan
Citigate Dewe Rogerson + 44 (0) 207 638 9571
Caroline Merrell / Shelley Chadda / Georgia Colkin
About Optimal Payments
Optimal Payments is a global provider of online payment solutions. Trusted by businesses and consumers in over 200 countries to move and manage billions of dollars each year, merchants use the NETBANX® processing service to simplify how they accept and settle credit card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being an independent provider has allowed the company to support tens-of-thousands of merchants around the globe across a wide range of industries. Optimal Payments Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of OPAY. Subsidiary company Optimal Payments Ltd is authorised and regulated as an e-money issuer by the UK's Financial Conduct Authority (FRN 900015). For more information on Optimal Payments visit www.optimalpayments.com or subscribe at www.optimalpayments.com/feed or follow us on Twitter @optimalpayments.
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
Paysafe Group