eServGlobal Limited HomeSend Investment (2371B)
05 Ottobre 2015 - 3:00PM
UK Regulatory
TIDMESG
RNS Number : 2371B
eServGlobal Limited
05 October 2015
eServGlobal Limited ("eServGlobal" or the "Company")
HomeSend Investment
5 October 2015
eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end
mobile financial services to emerging markets, announces that,
further to the announcement earlier today, the Company has agreed
to subscribe for partly paid shares, with full voting rights, in
the HomeSend JV so as to maintain its shareholding at 35%.
The Company is required to pay EUR875K on 14 October 2015 and
EUR2.625M on 15 April 2016 for the shares, out of a total capital
raise of EUR10M by HomeSend. The partly paid shares will be fully
paid on the final payment. Should eServGlobal fail to make the
final payment on or before 15 April 2016, the other JV partners are
entitled (but not obliged) to acquire all of eServGlobal's partly
paid shares at the paid up amount. On a fully paid basis, the
shares are issued at the same price as at inception of the JV and
will represent 14.28% of the enlarged issued share capital of
HomeSend.
For further information, please contact:
eServGlobal www.eservglobal.com
Tom Rowe, Company Secretary T: +61 2 8014 5050
investors@eservglobal.com
Canaccord Genuity Limited (Nomad and Broker) www.canaccordgenuity.com
Simon Bridges / Cameron Duncan / Emma Gabriel T: +44 (0) 20 7523 8000
Newgate www.newgatecomms.com
Adam Lloyd / Helena Bogle T: +44 (0) 20 7653 9850
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions
which put feature-rich services at the fingertips of users
worldwide, covering the full spectrum of mobile financial services,
mobile wallet, mobile commerce, recharge, promotions and agent
management features. eServGlobal invests heavily in product
development, using carrier-grade, next-generation technology and
aligning with the requirements of more than 65 customers in over 50
countries.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, a market
leading solution based on eServGlobal technology and enabling
cross-border money transfer between mobile money accounts, payment
cards, bank accounts or cash outlets from anywhere in the world
regardless of the users location.
eServGlobal has been a source of innovative solutions for mobile
and financial service providers for 30 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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