Optimal Payments PLC Issue of Equity (8784A)
October 01 2015 - 4:20AM
UK Regulatory
TIDMOPAY
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
END
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