Jul 03, 2015
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® platform and services to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; and the NETELLER® service to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER and Net+® 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 further information contact:
Optimal Payments Plc
Jessica Stalley, Head of Investor Relations
+ 44 207 182 1707
Canaccord Genuity Limited (Nominated Adviser & Broker)
Simon Bridges / Mark Whitmore
+44 (0) 20 7523 8000
Media Contacts - United Kingdom:
Simon Hudson/Andrew Dunn/Simon Fluendy
+44 20 7920 3150