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Issue of Equity

BLND

RNS Number : 8028A
Paysafe Group PLC
10 June 2016
 

For immediate release

 

Paysafe Group Plc

 

Issue of Equity

 

10 June 2016 - Paysafe Group Plc (LSE: PAYS) (the "Company" or "Paysafe Group") announces that it has made an application to the London Stock Exchange for the listing of 174,000 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 Paysafe Group (the "Consideration Shares") into shares of Paysafe Group, 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 2,377,970.

 

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 the Main Market of the London stock exchange on 14 June 2016.

 

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
 
END
 
 
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