Wameja Limited HomeSend Capital Contribution (7343C)
23 Junio 2021 - 1:00AM
UK Regulatory
TIDMWJA
RNS Number : 7343C
Wameja Limited
23 June 2021
Wameja Limited ("Wameja")
HomeSend Capital Contribution
23 June 2021
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 a further EUR1,410,588 of shares in
HomeSend SCRL. The equity contribution is part of a EUR4,000,000
capital raise with Mastercard contributing the balance in
proportion to its interest in HomeSend SCRL. The funds from the
capital raise are to be used to support the operational expenses of
the HomeSend 2021 business plan and its minimum equity requirements
for H2 2021.
This contribution substantially satisfies the Cash Reserve
Requirement under the Scheme Implementation Agreement with Burst
Acquisition Co. Pty. Ltd, a company controlled by Mastercard as
announced on 10 September 2020 and amended on 9 April 2021, 24 May
2021 and 18 June 2021. The Cash Reserve Requirement is now EUR
89,422.
Authorised by:
Tom Rowe
Company Secretary
trowe@capitalcorporatelaw.com.au
For further information, please contact:
Wameja Limited www.wameja.com
John Conoley, Non-Executive Chairman investors@wameja.com
Tom Rowe, Company Secretary
finnCap Limited (Nomad and Broker) www.finnCap.com
Corporate Finance: Jonny Franklin-Adams / T: +44 (0) 20 7220
Charlie Beeson 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.
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END
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