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Issue of Equity

21st Mar 2013 16:30

RNS Number : 5959A
Optimal Payments PLC
21 March 2013
 



 

For immediate release

 

Optimal Payments Plc

 

Issue of Equity

 

Optimal Payments Plc

 

Issue of Equity

 

21 March 2013

 

 

LONDON, England - 21 March 2013 - Optimal Payments Plc (AIM: OPAY) (the "Company" or the "Group") announces that the Company has issued 1,893,207 ordinary shares of 0.01 pence ("Ordinary Shares") each in the Company to 9185-2780 Quebec Inc which is owned by a related party, Martin Leroux, a shareholder of the Company.

 

This relates to the second and final balance owing of $1,800,000 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 2012. The number of shares issued was based on an issue price of £0.62699.

 

Application has been made for the admission to trading of these 1,893,207 Ordinary Shares on the AIM Market of the London Stock Exchange and it is expected that such admission will occur on 27 March 2013 ("Admission").

 

In addition, the Company announces that it has allotted and issued 8,673 Ordinary Shares to certain employees of the Group under the terms of the Company's Long Term Incentive Plan following the achievement of certain prescribed targets for awards made in 2011. These 8,673 Ordinary Shares are subject to the Company's block admission of 25 January 2013.

 

Following the above issues and Admission, the Company will have 143,766,374 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

 

 

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