Wameja Limited Scheme of Arrangement - Third Amendment to SIA (3741C)
June 18 2021 - 2:00AM
UK Regulatory
TIDMWJA
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 investors@wameja.com
Tom Rowe, Company Secretary
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams T: +44 (0) 20 7220 0500
/ Charlie Beeson Corporate Broking: Tim
Redfern / Richard Chambers
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.
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END
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