Wameja Limited Loan Facility for HomeSend (6242R)
01 July 2020 - 4:00PM
UK Regulatory
TIDMWJA
RNS Number : 6242R
Wameja Limited
01 July 2020
Wameja Limited ("Wameja" or the "Company")
Mastercard provides EUR15M Loan Facility to HomeSend
1 July 2020
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner
with Mastercard in the HomeSend global payment hub, advises that
Mastercard has provided a EUR15M loan facility to HomeSend SCRL
("Mastercard Facility"). There has been no change to the loan
facility provided by Wameja to Homesend SCRL (as originally
announced on 16 May 2019, the "Wameja Facility") and it remains
fully drawn down in the amount of EUR2,497,752.25 and repayable on
15 August 2020.
Mastercard Facility
The Mastercard Facility is, like the Wameja Facility, unsecured
and solely for the purpose of funding the pre- payment timing gaps
in HomeSend's real time settlement model. The Mastercard Facility
is repayable on 15 December 2020 and is at a commercial interest
rate. The Mastercard Facility is otherwise on materially the same
terms as the Wameja Faciity.
HomeSend continues to investigate opportunities to obtain
alternative funding for the pre-payment timing gaps in its real
time settlement model and to fund the repayment of the Wameja
Facility.
Authorised by:
Tom Rowe
Company Secretary
trowe@capitalcorporatelaw.com.au
For further information, please contact:
Wameja Limited www.wameja.com
John Conoley, Non-Executive Chairman investors@wameja.com
Tom Rowe, Company Secretary
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams / T: +44 (0) 20 7220
Hannah Boros 0500
Corporate Broking: Tim Redfern / Richard Chambers
About Wameja
Wameja and Mastercard are joint venture partners of the HomeSend
global payment hub. HomeSend enables cross-border transfer between
bank accounts, cards, mobile wallets, or cash outlets from anywhere
in the world. As a founding partner in the HomeSend hub, Wameja
helped conceive and bring the opportunity to market.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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