TIDMESG

RNS Number : 7580G

eServGlobal Limited

25 July 2019

Wameja Limited ("Wameja" or the "Company")

Completion of sale of core business and change of name

25 July 2019

Wameja (formerly eServGlobal Limited) (LSE: ESG.L & ASX: ESV.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, is pleased to announce the completion of the sale of the Core Business.

The sale was announced on 4 June 2019 and approved by shareholders at the extraordinary general meeting held on 22 July 2019. The sale has now completed and the total cash consideration of EUR2 million has been received by the Company.

Stated as an intention in the announcement on 4 June 2019, Andrew Hayward has now resigned from the Board as Director and Chief Financial Officer with immediate effect. As a part of the continuing cost reductions within the Company, the back office finance function has been outsourced.

The Company also announces that the Company's name has changed to "Wameja Limited" and it is expected that the change of name will take effect on the ASX and AIM from 8.00 a.m. on 30 July 2019, with the shares of the Company trading on both exchanges under the ticker "WJA". The Company's shares will also trade under a new ISIN which will be provided by ASX and announced in advance of 30 July 2019.

The Company's website address has changed to www.wameja.com

This announcement contains inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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.

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July 25, 2019 09:16 ET (13:16 GMT)

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