Optimal Payments PLC Trading Update (0761S)
July 03 2015 - 1:00AM
UK Regulatory
TIDMOPAY
RNS Number : 0761S
Optimal Payments PLC
03 July 2015
Optimal Payments Plc
Trading update
LONDON, MONTREAL and NEW YORK (3 July, 2015) - Optimal Payments
Plc (LSE AIM: OPAY, "Optimal Payments" or the "Company") provides
an update on trading in the six months to 30 June 2015 ahead of
reporting interim results on 26 August 2015.
Further to the trading update on 21 May 2015, the Company
confirms that trading to the end of June remains strong and in line
with market expectations.
Acquisition of Skrill & Main Market listing
Completion of the acquisition of Skrill remains subject to
regulatory approval by the UK's FCA, which is expected to be made
no later than 30 July 2015, unless the FCA exercises its statutory
right to interrupt the consideration period. Completion of the
acquisition will take place shortly after the receipt of FCA
approval.
As previously announced, following the completion of the
acquisition the Company will be seeking the admission of its
ordinary shares to listing on the premium segment of the Official
List of the UK Listing Authority and admission to trading on the
London Stock Exchange's Main Market for listed securities. It is
expected that the Company's ordinary shares would then be eligible
for inclusion in the FTSE 250 Index of the London Stock
Exchange.
Interim results and Capital Markets Day
As stated above, the results for six months to 30 June 2015 for
the existing Optimal Payments businesses will be announced on 26
August 2015. In addition, the Group intends to host a Capital
Markets Day in November 2015 which will be accompanied by a trading
update.
About Optimal Payments Plc
Optimal Payments is a global provider of online payment
solutions, trusted by businesses and consumers in over 200
countries and territories to move and manage billions of dollars
each year. Merchants use the NETBANX(R) platform and services to
simplify how they accept credit and debit card, direct-from-bank,
and alternative and local payments; and the NETELLER(R) service to
increase revenues and capture new customers. Consumers use the
multilingual and multicurrency NETELLER and Net+(R) Card
stored-value offering to make secure and convenient payments. In
July 2014, Optimal Payments acquired Meritus Payment Solutions and
GMA as part of the company's commitment to strengthen its presence
in the US market. Optimal Payments Plc is quoted on the London
Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary
company Optimal Payments Ltd is authorised and regulated as an
e-money issuer by the UK's Financial Conduct Authority (FRN:
900015).
For more information on Optimal Payments visit
www.optimalpayments.com or subscribe at
http://www.optimalpayments.com/media/email-alerts.
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For further information contact:
Head of Investor Relations
Jessica Stalley
Optimal Payments Plc
+ 44 207 182 1707
investorrelations@optimalpayments.com
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Mark Whitmore
Tel: +44 (0) 20 7523 8000
Media Contacts - United Kingdom:
Simon Hudson/Andrew Dunn/Simon Fluendy
Tavistock Communications
+44 20 7920 3150
optimal@tavistock.co.uk
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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