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News Centre Extension of Convertible Loan Notes

5 December 2014

MoneySwap Plc

("MoneySwap" or the "Company")

 

Extension of Convertible Loan Notes

 

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licenced for UnionPay in the UK and the provider for UnionPay MoneyExpress service enabling overseas persons to send funds directly to UnionPay cardholders in China, announces an update on certain convertible loan notes.

 

As announced on 19 December 2012 and 11 January 2013, the Company’s wholly owned subsidiary, Money Swap Exchange Limited issued convertible loan notes of US$1,450,000 (the “Loan Notes”), with maturity dates in December 2014 and January 2015. The Company has today agreed with holders of US$350,000 of the Loan Notes to extend the maturity date by six months, to 7 June 2015. All other terms of these Loan Notes remain the same. The remaining $1,100,000 of Loan Notes have a maturity dates of 10 December 2014 ($100,000 of Loan Notes) and 8 January 2015 ($1,000,000 of Loan Notes).  Further announcements will be made at the appropriate time.

 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

 

Nominated Adviser

Financial PR

Richard Proksa

Chief Executive Officer

Nick Naylor

Alex Price 

James Reeve

Fiona Fenn Smith

 

+852 3919 9888

+44 20 3328 5656

+44 7712 101922

 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers prepaid card services working with partners such as Corner Bank, Switzerland and Visa and offers an online peer to peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP).  More information can be found at www.moneyswap.com.