WJA.L

Wameja Limited
Wameja Limited - Scheme of Arrangement - Third Amendment to SIA
18th June 2021, 07:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3741C
Wameja Limited
18 June 2021
 

 

Wameja Limited ("Wameja")

 

Scheme of Arrangement- Third Amendment to SIA

18 June 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") and amended on 9 April 2021 and 24 May 2021, has been extended to 2 July 2021. There are no other changes to the SIA.

 

The extension is to provide additional time for the execution of an agreement to resolve the Potential Indemnity Claims as     announced on 23 October 2020 and 5 November 2020 (including any potential for further claims against Wameja under the relevant indemnity granted to Seamless Distribution Systems AB ("Seamless") in the sale and purchase agreement for the sale of Wameja's core business to Seamless that completed in July 2019) ("Settlement Agreement"). The Settlement Agreement has been executed by Wameja, Mastercard and the third party provider of intellectual property relevant to the indemnity.  Wameja and Mastercard are awaiting the execution of the Settlement Agreement by Seamless and its relevant subsidiaries.

 

On this basis, Mastercard and Wameja will proceed with the Scheme in accordance with the terms and conditions of the SIA once the Settlement Agreement is executed by Seamless.

 

The terms of the Settlement Agreement do not impact the Scheme Consideration and it does not require any settlement payment by Wameja.

 

 

Authorised by:

Tom Rowe Company Secretary

trowe@capitalcorporatelaw.com.au

 

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

For further information, please contact:

Wameja Limited

www.wameja.com

John Conoley, Non-Executive Chairman

Tom Rowe, Company Secretary

investors@wameja.com

finnCap Limited (Nomad and Broker)

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

www.finnCap.com

T: +44 (0) 20 7220 0500

 

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
SOAUWVNRAUUNARR ]]>
TwitterFacebookLinkedIn