PAYS Paysafe Gp

TIDMPAYS

RNS Number : 4796A

Paysafe Group PLC

24 March 2017

24 March 2017

Paysafe Group plc

Director's Repayment of Fixed Term Loan and Return of Full Share Ownership Rights

Paysafe Group plc (LSE: PAYS, the "Company") notifies that Joel Leonoff, President and Chief Executive Officer of the Company, has signed irrevocable instructions to repay in full, from Mr Leonoff's available cash funds, the amount outstanding under the loan agreement (the "Agreement") between Mr Leonoff and Equities First Holdings, LLC.

The repayment will take place on 19 April 2017 and within five business days of that date, full ownership rights of the 1,500,000 ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") previously held as collateral by Equities First Holdings, LLC during the 3-year fixed duration of the Agreement will be returned to Mr Leonoff. The Agreement will also then terminate.

Following the repayment pursuant to the Agreement, Mr Leonoff will continue to have an interest in a total of 9,768,580 Ordinary Shares, which includes the 1,500,000 Ordinary Shares referred to above, representing approximately 2.02 per cent of the issued share capital of the Company.

Terms of the Agreement were announced on 1 April 2014.

For further information, contact:

Paysafe Group plc

Michelle Singleton, VP Investor Relations

+44 (0) 20 3826 9800 / investorrelations@paysafe.com

Elaine Quine, Company Secretary

+44 (0) 1624 698719 / elaine.quine@paysafe.com

Brunswick Group LLP

Brian Buckley / Rowan Brown

+44 (0) 20 7404 5959 / paysafe@brunswickgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 24, 2017 07:43 ET (11:43 GMT)

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