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Issue of Equity

28th Nov 2017 17:19

RNS Number : 7741X
Paysafe Group PLC
28 November 2017
 

 

 

28 November 2017

Paysafe Group plc

 

Issue of Equity

 

Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Company") announces that it has made an application to the UK Listing Authority and the London Stock Exchange for the listing of 14,146 ordinary shares of 0.01 pence each ("Ordinary Shares") to be admitted to the Official List and to trade on the Main Market of London Stock Exchange.

 

These Ordinary Shares will be allotted as consideration to a vendor of FANS Entertainment Inc. ("FANS") to satisfy the Company's obligations to exchange, on a one-for-one basis, shares in a subsidiary of Paysafe (the "Consideration Shares") into shares of Paysafe, in line with the terms of the FANS acquisition which was announced on 28 May 2015. The total number of Consideration Shares initially issued to the vendors was 3,163,633. Following this issue of equity, there are no further Consideration Shares to be exchanged on a one-for-one basis into Ordinary Shares.

 

All Ordinary Shares to be issued described above will rank pari passu with the existing Ordinary Shares.

Admission of the Ordinary Shares is expected to be effective on 4 December 2017.

 

For further information contact:

 

Paysafe Group Plc

Tony Hunter, Company Secretary

+44 (0) 20 7603 1515

This information is provided by RNS
The company news service from the London Stock Exchange
 
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