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RNS Number : 8784A
Optimal Payments PLC
01 October 2015
 

For immediate release

 

Optimal Payments Plc

Issue of Equity

1 October 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 47,891 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. Following this issue of equity and the previous issues announced on 16 June 2015 and 8 September 2015, the total number of Consideration Shares, which have yet to be exchanged on a one-for-one basis into Ordinary Shares, is 2,667,261.

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 6 October 2015.

For further information contact:

 

Optimal Payments Plc

Tony Hunter, Company Secretary                                                                           +44 (0) 20 7603 1515
Email: companysecretary@optimalpayments.com

 

 

Canaccord Genuity                                                                                            + 44 (0) 20 7523 8000

Simon Bridges

Cameron Duncan

 

 


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