Scheme of Arrangement - Amendment to SIA
Updated : 07:00
Wameja Limited ("Wameja")
Scheme of Arrangement - Amendment to SIA
9 April 2021
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that the Sunset Date for the Scheme of Arrangement ("Scheme") proposed under the Scheme Implementation Agreement ("SIA") with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ("Mastercard"), as announced on 10 September 2020 ("Announcement") has been extended to 24 May 2021.
The extension is to provide additional time for the resolution of the Potential Indemnity Claims as announced on 23 October 2020 and 5 November 2020. The Sunset Date will automatically extend to 30 September 2021 if Mastercard determines to proceed with the Scheme on or before 24 May 2021. Mastercard may terminate the SIA at any time for convenience up until 24 May 2021.
There has been no material change to the status of the Potential Indemnity Claims since the announcement of 18 March 2021.
Other Amendments to Scheme Implementation Agreement
In addition to the extension of the Sunset Date under the SIA, the parties have agreed certain other amendments to the SIA that include the Cash Reserve Requirement being reduced from
€4,000,000 to €1,500,000.
The complete Deed of Amendment and Waiver is attached to this announcement. Authorised by:
Tom Rowe Company Secretary
trowe@capitalcorporatelaw.com.au
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.
For further information, please contact:
Wameja Limited | |
John Conoley, Non-Executive Chairman Tom Rowe, Company Secretary | |
finnCap Limited (Nomad and Broker) Corporate Finance: Jonny Franklin-Adams / Charlie Beeson Corporate Broking: Tim Redfern / Richard Chambers | T: +44 (0) 20 7220 0500 |
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.
Full details of the Deed of Amendment and Waiver are linked here:
http://www.rns-pdf.londonstockexchange.com/rns/8935U_1-2021-4-8.pdf
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