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
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