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RNS Number : 4405F
Paysafe Group PLC
17 May 2017
 

 

 

 

17 May 2017

Paysafe Group plc

 

Issue of Equity

 

Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Company") announces that it has made an application to the UK Listing Authority and the London Stock Exchange for the listing of 174,000 ordinary shares of 0.01 pence each ("Ordinary Shares") to be admitted to the Official List and to trade on the Main Market of London Stock Exchange.

 

These Ordinary Shares will be 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 (the "Consideration Shares") into shares of Paysafe, 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 1,111,258.

 

All Ordinary Shares to be issued described above will rank pari passu with the existing Ordinary Shares.  

Admission of the Ordinary Shares is expected to be effective on 22 May 2017.

 

For further information contact:

 

Paysafe Group Plc

Tony Hunter, Company Secretary

+44 (0) 20 7603 1515


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