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Paysafe in equity issue

16 August 2016 13:02

Paysafe Group is issuing 896,962 ordinary shares as consideration to a vendor of FANS Entertainment Inc to satisfy the company's obligations to exchange, on a one-for-one basis, shares in a subsidiary of Paysafe Group 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 1,481,008.

At 1:02pm: (LON:PAYS) Paysafe Group Plc share price was -2p at 414.5p

Story provided by StockMarketWire.com

Related Company: PAYS

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