19th Nov 2015 15:45
For immediate release
Paysafe Group Plc
Issue of Equity
19 November 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 28,291 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 2,638,970.
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 26 November 2015.
For further information contact:
Paysafe Group Plc
Jessica Stalley, Head of Investor Relations
Tel: +44 (0) 20 7182 1707
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Cameron Duncan / Mark Whitmore
Tel: +44 (0) 20 7523 8000
Tavistock (Financial PR)
Simon Hudson/Andrew Dunn/Simon Fluendy
Tel: +44 (0) 20 7920 3150
Related Shares:
Paysafe Group