A quick follow-up on LeapRate’s earlier article about Optimal Payments Plc (LON:OPAY) submitting a block listing application to the London Stock Exchange (LSE).
The application concerned 1,600,000 ordinary shares of 0.01 pence each. The purpose of these securities is to eventually satisfy the exercise of options under the terms of the company’s Long Term Incentive Plan and the company’s Employee Share Option Scheme.
The London Stock Exchange admitted the securities to trading on AIM as of 8:00 AM (London time) today.
On August 10, 2015, Optimal Payments announced the successful completion of a $1.2 billion acquisition of Skrill. Following the finalization of the deal, the company had 474,731,482 ordinary shares admitted on AIM, including 37,493,053 new Ordinary Shares issued to Sentinel Group Holdings S.A. (or its connected persons as directed) as partial consideration for the Skrill acquisition.
To view the regulatory filing on the block admission, click here.