1st Aug 2019 07:00
Wameja Limited ("Wameja" or the "Company")
Suspension of trading on AIM 1 August 2019
Wameja (formerly eServGlobal Limited) (LSE: ESG.L & ASX: ESV.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, announces that trading in the Company's ordinary shares will be temporarily suspended from trading on AIM with effect from 7.30 a.m. (London time) today, Thursday, 1 August 2019, due to the divergent treatment of processing changes to the Company's International Securities Identification Number ("ISIN") arising from the change in the Company's name to Wameja Limited, as approved by shareholders at the Company's general meeting held on 22 July 2019.
As a result of a delay caused by Euroclear in accepting an opinion in a form satisfactory to Euroclear as set out in CREST Rule 9, Euroclear has not been able to process trades in the Company's shares on 31 July 2019 and has not yet confirmed that it will be able to do so today, 1 August 2019, requiring the suspension of shares on AIM. At present, the Company is unable to provide further clarity on the definitive timing of when the suspension will be lifted but as Euroclear has now accepted the opinion required under CREST Rule 9, the Company anticipates that the suspension will be lifted shortly.
The Company would like to stress that this delay has been caused by no fault of its own or its advisers. The Company and its advisers have worked closely with the London Stock Exchange, as well as the Company's registrars and Euroclear, to seek to avoid any suspensions, however due to the abovementioned challenge presented by Euroclear, and despite the Company's best efforts, a temporary suspension from trading on AIM is unavoidable.
The Company's shares will continue to trade on the Australian Securities Exchange.
A further update will be provided in due course.
For further information, please contact:
Wameja Limited | www.wameja.com |
John Conoley, Executive Chairman Tom Rowe, Company Secretary Alison Cheek, VP Corporate Communications
| |
finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Anthony Adams / Hannah Boros Corporate Broking: Tim Redfern / Richard Chambers
| www.finnCap.comT: +44 (0) 20 7220 0500 |
About Wameja
Wameja and Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world. As a founding partner in the HomeSend hub, Wameja helped conceive and bring the opportunity to market.
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