Optimal Payments amends deal for TK Global acquisition
Online and mobile payment services provider Optimal Payments has entered an amended agreement over the acquisition of TK Global Partners.
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Under the revised terms of the deal, which was agreed following a hit on the value of the consideration shares caused by Optimal Payment's three-for-five rights issue in March, the firm has agreed to increase the number of shares it will issue to the sellers from 8.95m to 12.8m.
In a statement released on Friday, the group said it has changed the dates of issuance of the four equal tranches of shares from 23 July each year to 1 September 2015, 1 September 2016, 1 September 2017 and 3 September 2018.
Optimal shares were up 1.86% to 260.75p at 1420 BST on Friday.