16th Jun 2015 18:19
For immediate release
Optimal Payments Plc
Issue of Equity
16 June 2015 - Optimal Payments Plc (AIM: OPAY) (the "Company" or "Optimal Payments") wishes to advise that it has made an application to the London Stock Exchange for the listing of 303,097 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 Optimal Payments (the "Consideration Shares") into shares of Optimal Payments, in line with the terms of the FANS acquisition which was announced on 28 May 2015. The total number of Consideration Shares issued to the vendors was 3,163,633.
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 22 June 2015.
For further information contact:
Optimal Payments Plc
Tony Hunter, Company Secretary +44 (0) 20 7603 1515Email: [email protected]
Canaccord Genuity + 44 (0) 20 7523 8000
Simon Bridges
Charlie Pearmund
Related Shares:
Paysafe Group