Optimal Payments Plc (LON:OPAY), which has just completed the $1.2 billion acquisition of Skrill, announced today that it has submitted a block listing application to the London Stock Exchange.
The application is for 1,600,000 ordinary shares of 0.01 pence each. These will be available to be issued to 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 block listing is poised to become effective on August 18, 2015.
Following the finalization of the deal with Skrill, Optimal Payments successfully completed a cancellation and re-admission procedure for its shares. Yesterday, 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 official filing about the block listing with the London Stock Exchange, click here.