26th Jun 2012 16:58
For immediate release
Optimal Payments Plc (the "Company")
Issue of Equity
LONDON, England - 26 June 2012 - Optimal Payments Plc (AIM: OPAY) announces that the Company has issued 1,474,466 ordinary shares of 0.01 pence each in the Company (the "Ordinary Shares") to 9185-2780 Quebec Inc which is owned by a related party, Martin Leroux, a shareholder of the Company.
This relates to the first balance owing of $1,466,948 in respect of certain merchant contracts sold to the Company at fair market value on 1 April 2011, which became payable following satisfaction of certain performance conditions satisfied in 2011. The number of shares issued was based on an issue price of £0.626990. The second balance owing in the amount of $1,800,000 will be payable if and when established 2012 performance conditions are satisfied.
Application has been made for the admission to trading of these 1,474,466 Ordinary Shares on the AIM Market of the London Stock Exchange and it is expected that such admission will occur on 29 June 2012 ("Admission").
Following Admission, the Company will have 128,270,644 ordinary shares in issue with voting rights.
For further information contact:
Optimal Payments Plc
Andrew Gilchrist EVP Corporate Affairs + 44 (0) 1624 698 713
Email: [email protected]
Canaccord Genuity Limited + 44 (0) 207 523 8000
Simon Bridges
Cameron Duncan
Related Shares:
Paysafe Group