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Issue of Equity

9th Dec 2015 09:45

RNS Number : 4878I
Paysafe Group PLC
09 December 2015
 

For immediate release

 

Paysafe Group Plc

Issue of Equity

9 December 2015 - Paysafe Group Plc (AIM: PAYS) (the "Company" or "Paysafe Group") wishes to advise that it has made an application to the London Stock Exchange for the listing of 87,000 ordinary shares of 0.01 pence each ("Ordinary Shares").

 

These Ordinary Shares have been 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 Group (the "Consideration Shares") into shares of Paysafe Group, 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, the total number of Consideration Shares which have yet to be exchanged on a one-for-one basis into Ordinary Shares, is 2,551,970.

All Ordinary Shares to be issued described above will rank pari passu with the existing Ordinary Shares. It is expected that the Ordinary Shares will be admitted to trading on AIM with effect from 15 December 2015.

For further information contact:

 

Paysafe Group Plc

Tony Hunter, Company Secretary

+44 (0) 20 7603 1515

 

Canaccord Genuity Limited (Nominated Adviser & Broker)

Simon Bridges / Cameron Duncan

+44 (0) 20 7523 8000

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