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Press release

Proposed move to Main Market

LONDON (25 November, 2015) – Further to previous announcements, Paysafe Group Plc (LSE AIM: PAYS, the "Company") confirms its intention to apply for admission to listing of its ordinary shares to the premium segment of the Official List of the UK Listing Authority (the "Official List") and admission to trading on London Stock Exchange plc's ("LSE") main market ("Main Market") for listed securities ("Admission"). Pursuant to Rule 41 of the AIM Rules for Companies, the Company therefore hereby gives notice of the intended cancellation of trading of its shares on the AIM market of the LSE ("AIM"). 

 

It is expected that the Company's shares will be admitted to the Official List, commence trading on the Main Market and simultaneously be cancelled on AIM effective at 8.00 a.m. on 23 December 2015 (the "Admission Date"), subject to the receipt of the necessary approvals from the UK Listing Authority and the LSE. The Company will issue a prospectus in connection with the Admission prior to the Admission Date. The prospectus will be made available on the Company’s website at www.paysafe.com.

 

The Company is not raising any funds or issuing any new shares in connection with Admission. No Shares will be offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the prospectus.

 

The completion of the acquisition of Skrill in August 2015 provides the Company with a solid platform for the move, and the Board considers that admission to the Official List will increase the Company's profile, assisting in the liquidity of the Company's shares and providing a greater range of potential investors for the Company.

 

Following Admission, shareholders in the Company will be able to trade shares on the Main Market.

 

Following completion of the move to the Main Market, it is expected that the Company's ordinary shares would be eligible for inclusion in the FTSE 250 Index of the London Stock Exchange. The Company anticipates the date at which the Company will be considered for inclusion in the FTSE 250 Index will be the quarterly review in March 2016.

 

About Paysafe

Paysafe Group Plc (formerly Optimal Payments Plc) 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 Paysafe's services and gateway platforms and innovative prepaid products and solutions to simplify how they accept credit and debit card, direct‑from‑bank, and alternative and local payments; while Paysafe's NETELLER®, Skrill® and paysafecard® services are used by merchants to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER, Net+® Card, Skrill and Skrill Card stored-value offerings and the paysafecard prepaid solutions to make secure and convenient payments and payolution® for their invoices and instalment payments. Paysafe also supports a wide variety of prepaid programmes - from white-label prepaid cards to bespoke solutions.

 

For further information, contact:

 

Paysafe Group Plc

Jessica Stalley, Head of Investor Relations

investorrelations@paysafe.com

 

Gavin Haycock, SVP Corporate Communications

+44 (0) 20 3826 9767 / gavin.haycock@paysafe.com

 

Canaccord Genuity Limited (Nominated Adviser & Broker)

Simon Bridges / Cameron Duncan

+44 (0) 20 7523 8000

 

Deutsche Bank AG, London Branch (Sponsor)

Charles Wilkinson / Adam Miller

+44 (0) 20 7545 8000

 

Lazard & Co., Limited (Financial Adviser)

Cyrus Kapadia / Charlie Foreman

+44 (0) 20 7187 2000

 

Tavistock Communications (Financial PR)

Simon Hudson / Simon Fluendy

+44 (0) 20 7920 3150 / paysafe@tavistock.co.uk

 

Canaccord Genuity Limited ("Canaccord"), which is authorised and regulated by the Financial Conduct Authority ("FCA") in the United Kingdom, is acting exclusively as the Company's nominated adviser and broker. Canaccord will not regard any other person (whether or not a recipient of this announcement) as a client and will not be responsible to anyone for providing the protections afforded to its clients or for providing advice in relation to the cancellation of trading on AIM or any matters referred to in this announcement. Neither Canaccord nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) in connection with this announcement, any statement contained herein or otherwise.

 

Lazard & Co., Limited ("Lazard") is authorised and regulated in the United Kingdom by the FCA. Deutsche Bank AG is authorised under German Banking Law (competent authority: European Central Bank) and, in the United Kingdom, by the Prudential Regulation Authority ("PRA"). It is subject to supervision by the European Central Bank and by BaFin, Germany’s Federal Financial Supervisory Authority, and is subject to limited regulation in the United Kingdom by the PRA and FCA. Deutsche Bank AG is a joint stock corporation with limited liability incorporated in the Federal Republic of Germany, Local Court of Frankfurt am Main, HRB No. 30 000; Branch Registration in England and Wales BR000005 and Registered Address: Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG, London Branch (“Deutsche Bank”) is a member of the London Stock Exchange. Details about the extent of its authorisation and regulation by the PRA, and regulation by the FCA are available on request or from www.db.com/en/content/eu_disclosures.htm. Each of ‎Lazard and Deutsche Bank ‎is acting for the Company only and no other person in connection with Admission and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to Admission and will not be responsible to any person other than the Company for providing the protections afforded to its respective clients or for providing advice in relation to Admission or any matters referred to in this announcement. Neither Lazard, Deutsche Bank nor any of their respective affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not one of its respective clients in connection with this announcement, any statement contained herein or otherwise.

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