Paysafe Group PLC Issue of Equity (4489H)
07 June 2017 - 11:46PM
UK Regulatory
TIDMPAYS
RNS Number : 4489H
Paysafe Group PLC
07 June 2017
7 June 2017
Paysafe Group plc
Issue of Equity
Paysafe Group plc (LSE: PAYS, "Paysafe" or the "Company")
announces that it has made an application to the UK Listing
Authority and the London Stock Exchange for the listing of 130,500
ordinary shares of 0.01 pence each ("Ordinary Shares") to be
admitted to the Official List and to trade on the Main Market of
London Stock Exchange.
These Ordinary Shares will be 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 (the "Consideration Shares") into shares of
Paysafe, 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
980,758.
All Ordinary Shares to be issued described above will rank pari
passu with the existing Ordinary Shares.
Admission of the Ordinary Shares is expected to be effective on
12 June 2017.
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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