WJA.L

Wameja Limited
Wameja Limited - Scheme of Arrangement - Amendment to SIA
9th April 2021, 06:00
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RNS Number : 8935U
Wameja Limited
09 April 2021
 

 

Wameja Limited ("Wameja")

 

Scheme ofArrangement - Amendmentto SIA

9 April 2021

 

Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that the Sunset Date for the Scheme of Arrangement ("Scheme") proposed under the Scheme Implementation Agreement ("SIA") with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ("Mastercard"), as announced on 10 September 2020 ("Announcement") has been extended to 24 May 2021.

 

The extension is to provide additional time for the resolution of the Potential Indemnity Claims as announced on 23 October 2020 and 5 November 2020. The Sunset Date will automatically extend to 30 September 2021 if Mastercard determines to proceed with the Scheme on or before 24 May 2021. Mastercard may terminate the SIA at any time for convenience upuntil 24 May2021.

 

There has been no material change to the status of the Potential Indemnity Claims since the announcement of 18 March 2021.

 

Other Amendmentsto SchemeImplementation Agreement

 

In addition to the extension of the Sunset Date under the SIA, the parties have agreed certain other amendments to the SIA that include the Cash Reserve Requirement being reduced from

€4,000,000to €1,500,000.

The complete Deed of Amendment and Waiver is attached to this announcement. Authorised by:

Tom Rowe Company Secretary

trowe@capitalcorporatelaw.com.au

 

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.

 

For further information, pleasecontact:

Wameja Limited

www.wameja.com

John Conoley, Non-ExecutiveChairman

TomRowe,CompanySecretary

investors@wameja.com

finnCap Limited (NomadandBroker)

Corporate Finance: Jonny Franklin-Adams / Charlie Beeson Corporate Broking: Tim Redfern/ Richard Chambers

www.finnCap.com

T: +44(0) 2072200500

 

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 inthe HomeSend hub, Wamejahelped conceiveand bringthe opportunity to market.

 

 

 

Full details of the Deed of Amendment and Waiver are linked here:

http://www.rns-pdf.londonstockexchange.com/rns/8935U_1-2021-4-8.pdf

 

 

 

 

 

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