Paysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, today confirmed its plans to list its ordinary shares on the premium segment of the Official List of the UK Listing Authority and to have them admitted to trading on London Stock Exchange’s Main Market.
The company expects that its shares will be admitted to the Official List, start trading on the Main Market and simultaneously be cancelled on AIM effective at 8.00 a.m. on December 23, 2015. This is, of course, conditional on the receipt of the necessary approvals from the UK Listing Authority and the LSE.
Paysafe will not be raising any funds or issuing any new shares in connection with Admission.
The company notes that the completion of the acquisition of Skrill in August 2015 provides it with a solid platform for the move to the Main Market. Paysafe’s Board considers that admission to the Official List will beef up the company’s profile, assisting in the liquidity of the company’s shares and providing a greater range of potential investors.
If the move to the Main Market is successfully completed, the company’s ordinary shares would be eligible for inclusion in the FTSE 250 Index of the London Stock Exchange.
You can view the official announcement from Paysafe by clicking here.