Digital Payments plc
LSE : DPP

August 04, 2014 10:50 ET

Subscription to raise GBP 2,250,000 - Issue of new ordinary shares/holdings

Digital Payments Plc


Subscription to raise GBP 2,250,000 - 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
2,250,000  though the issue of a further 71,975,000 new ordinary shares of 1p each in the  capital  of  the
Company  (representing  approximately  19.50 per cent. of the  Company's  existing  issued  ordinary  share
capital). 67,437,500 were issued at a price of 3 pence and 4,537,500 were issued at a price of 5 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 subscribers have the following direct interest in shares in the Company.

    Name                                     Number of shares                     Percentage
                                                                                  
    Mr Vladislav Popeta                           112,187,500                          25,4%
                                                                                           
    Mr Andrey Popeta                               75,637,500                          17.2%
                                                                                          

In addition to the above holdings Mr Andrey Popeta, Mr Vladislav Popeta and Mr Mikhail Raskin  each have  a
one-third interest in Troika Management Ltd which holds 180,000,000 (representing 40.8%) in 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.  The
enlarged  issued  share  capital of Digital Payments with voting rights attached  consists  of  440,925,000
ordinary  shares of 1p each with one vote per ordinary share. The total number of voting rights in  Digital
Payments  is  therefore 440,925,000, 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.


FOR FURTHER INFORMATION PLEASE CONTACT:

David Carr - CEO
Digital Payments Plc
Telephone: +44 207493 0387
Email: press@digitalpaymentsplc.com

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


4 August 2014

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Contact Information

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