Optimal Payments PLC Update on Skrill Acquisition (6513U)
31 July 2015 - 4:01PM
UK Regulatory
TIDMOPAY
RNS Number : 6513U
Optimal Payments PLC
31 July 2015
Optimal Payments plc
Update on Skrill Acquisition
LONDON (31 July, 2015) - Further to its announcements dated 23
March, 2015 and 1 June, 2015, Optimal Payments plc (LSE AIM: OPAY,
the "Company") announces that the Financial Conduct Authority (the
"FCA") has informed the Company that it has not yet concluded its
evaluation of the application by the Company to take control of the
Skrill Group FCA regulated entities pursuant to the acquisition of
the entire issued share capital of Sentinel Topco Limited by the
Company's wholly owned subsidiary Netinvest Limited (the
"Acquisition") and a decision on the application is expected to be
made no later than 11 August, 2015. There are no outstanding
information requests from the FCA and the Company remains confident
of a positive outcome of this process.
Completion of the Acquisition is conditional on, amongst other
things, the receipt of change of control approval from the FCA and
as at the date of this announcement, the only outstanding material
condition to Completion is the receipt of change of control
approval from the FCA.
Further announcements will be made by the Company in due
course.
For further information contact:
Optimal Payments plc
Jessica Stalley, Head of Investor Relations
+44 (0) 20 7182 1707 / investorrelations@optimalpayments.com
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Mark Whitmore
+44 (0) 20 7523 8000
Lazard & Co., Limited (Financial Adviser)
Cyrus Kapadia / Olivier Christnacht
+44 (0) 20 7187 2000
Media Contacts - United Kingdom:
Tavistock Communications
Simon Hudson / Andrew Dunn / Simon Fluendy
+44 (0) 20 7920 3150 / optimal@tavistock.co.uk
Canaccord Genuity Limited ("Canaccord"), which is authorised and
regulated by the Financial Conduct Authority ("FCA") in the United
Kingdom, is acting exclusively as the Company's nominated adviser
and broker. Canaccord will not regard any other person (whether or
not a recipient of this announcement) as a client and will not be
responsible to anyone for providing the protections afforded to its
clients or for providing advice in relation to the cancellation of
trading on AIM or any matters referred to in this announcement.
Neither Canaccord nor any of its affiliates owes or accepts any
duty, liability or responsibility whatsoever (whether direct or
indirect, whether in contract, in tort, under statute or otherwise)
in connection with this announcement, any statement contained
herein or otherwise.
Lazard & Co., Limited ("Lazard"), which is authorised and
regulated in the United Kingdom by the FCA is acting for the
Company only and no one else in connection with the Acquisition and
will not regard any other person (whether or not a recipient of
this announcement) as a client in relation to the Acquisition and
will not be responsible to anyone other than the Company for
providing the protections afforded to its clients or for providing
advice in relation to the Acquisition or any matters referred to in
this announcement. Lazard and each of its affiliates do not owe or
accept any duty, liability or responsibility whatsoever (whether
direct or indirect, whether in contract, in tort, under statute or
otherwise) to any person who is not one of its clients in
connection with this announcement, any statement contained herein
or otherwise.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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