Digital Payments plc

July 15, 2014 09:02 ET

Issue of new ordinary share/holdings

Digital Payments Plc

Subscription to raise GBP 2,379,000
Issue of new ordinary shares/holdings

The  Board  of  Digital  Payments plc ("Digital Payments" or the "Company"), the GXG Main  Quote  investing
company  focusing on investment and acquisition opportunities in payment transaction and message processing
services  is  pleased to announce that it has completed an equity subscription to raise an  additional  GBP
2,379,000  though the issue of a further 118,950,000 new ordinary shares of 1p each in the capital  of  the
Company  (representing  approximately  70.40 per cent. of the  Company's  existing  issued  ordinary  share
capital) at a price of 2 pence per share.

The  funds raised strengthen the Company's financial position and give it the flexibility to take advantage
of potential investment opportunities within the payment transaction and message processing services.

Following the subscription, the Company is aware of the following significant shareholdings in its enlarged
issued ordinary share capital:

    Name                                     Number of shares                     Percentage
    Mr Vladislav Popeta                      76,200,000                                45.10%
    Mr Andrey Popeta                         39,650,000                                23.47%
    Mr Mikhail Raskin                        39,650,000                                23.47%

Mr Mikhail Raskin is a director of the Company.

Mr Vladislav Popeta and Mr Andrey Popeta consider themselves to be a concert party for the purposes of Rule
9  of  the  UK Takeover Code. Application has been made for the new ordinary shares, which rank pari  passu
with  the Company's existing issued ordinary shares, to be admitted to trading on GXG Main Quote. Admission
is  expected  to become effective and dealings to commence on or around 16 July 2014.  The enlarged  issued
share capital of Digital Payments with voting rights attached consists of 168,950,000 ordinary shares of 1p
each  with  one vote per ordinary share. The total number of voting rights in Digital Payments is therefore
168,950,000,  which  figure may be used by shareholders (and others with notification obligations)  as  the
denominator  for  the calculations by which they will determine whether they are required to  notify  their
interest,  or  a  change to their interest, in Digital Payments under the UK Financial Conduct  Authority's
Disclosure and Transparency Rules.

The Directors of the Issuer accept responsibility for the contents of this announcement.


David Carr - CEO
Digital Payments Plc
Telephone: +44 207493 0387

GXG Corporate Advisor
Nick Michaels and Jon Isaacs
Alfred Henry Corporate Finance Limited
Tel: +44 207251 3762

15 July 2014

                                                -  ENDS  -

Contact Information

  • Digital Payments plc