Wameja Limited Third Tranche Capital Contribution (9064W)
16 Diciembre 2019 - 01:00AM
UK Regulatory
TIDMWJA
RNS Number : 9064W
Wameja Limited
16 December 2019
Wameja Limited ("Wameja" or the "Company")
Third Tranche Capital Contribution
16 December 2019
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner
with Mastercard in the HomeSend global payment hub, advises that it
has today subscribed for additional ordinary and preferred shares
in the capital of HomeSend SCRL for a total of approximately
EUR1.8M. Mastercard subscribed for its proportionate number of
shares in the capital of HomeSend SCRL so as to maintain the
percentage shareholdings of Mastercard and Wameja in HomeSend SCRL
at 64.32% and 35.68% respectively, providing a total of
approximately EUR5.3M in additional capital to HomeSend.
This capital contribution, together with the capital
contributions announced on 29 November 2018 and 16 May 2019, brings
Wameja's capital contribution over the last 12 months to HomeSend
to a total of approximately EUR6.2M, with a total of approximately
EUR17.5M having been subscribed for between Mastercard and
Wameja.
The funds have been provided to support operational expenses.
With a focus on expanding its network and platform capabilities,
HomeSend incurred costs of approximately EUR9.4M (78% of total
expenses)* during the last 12 months in the areas of network
development, regulatory licensing and improving service offerings,
including FX capability. Approximately EUR1.0M is retained to
ensure HomeSend meets its minimum capital requirements as required
under its payment institution licence.
*Based on unaudited financial records.
For further information, please contact:
Wameja Limited www.wameja.com
John Conoley, Executive Chairman investors@wameja.com
Tom Rowe, Company Secretary
Alison Cheek, VP Corporate Communications
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams / T: +44 (0) 20 7220
Anthony Adams / Hannah Boros 0500
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGGGUWPUPBPPA
(END) Dow Jones Newswires
December 16, 2019 02:00 ET (07:00 GMT)
Wameja (LSE:WJA)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Wameja (LSE:WJA)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024