Saturday December 19,2015 : ONLINE PROCESSOR PLANS ENTRY TO LONDON STOCK EXCHANGE MAIN MARKET
Paysafe Group plc expects stock to start trading next week.
UK processing company Paysafe Group plc has published its prospectus prior to listing its shares on the premium segment of the Official List of the UK Listing Authority and admission to trading on London Stock Exchange plc's main market.
The company's directors expect that admission will become effective and that dealings in the company's shares on the Main Market will commence on the morning of 23 December 2015, at which point trading in Paysafe shares on the AIM section of the London Stock Exchange will be cancelled.
A statement issued on Friday advised: "The company is not raising any funds or issuing any new ordinary shares in connection with Admission.
“No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the Prospectus.
“The Company's TIDM code on the London Stock Exchange will remain ‘PAYS', with an ISIN of GB0034264548 and, on Admission, it is expected that there will be 479,606,395 ordinary shares in issue."