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News Centre Subscription to raise US$200,000 and total voting rights

 30 March 2015

 

MoneySwap Plc

("MoneySwap" or the "Company")

 

Subscription to raise US$200,000 and total voting rights

 

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, is pleased to announce that it has raised US$200,000 through a private subscription.

 

Share allotment for private placing

The Company has signed a subscription agreement with an independent third party investor (the “Investor”) under which the Investor has subscribed for 16,820,375 new Ordinary Shares (the “Subscription Shares”) at a subscription price of 0.8p (the “Subscription Price”) each to raise US$200,000 (before expenses) (the “Subscription”).  The Subscription Price represents a 9% discount on the closing market price on 27 March 2015, being the last day of trading immediately prior to this announcement.

 

The Company is already in receipt of the Subscription funds and the Company intends to use the net proceeds of these for general working capital. An application will be made for the Subscription Shares to be admitted to AIM and it is expected that dealings in the shares will take place on or around 10 April 2015.

 

The Subscription Shares will represent 1.84% of the issued share capital of the Company, as enlarged by the Subscription.

 

Total voting rights

Application will be made for the Subscription Shares to be admitted to trading on AIM (“Admission”) and it is expected that Admission will occur on or around 10 April 2015.  On Admission the total issued share capital of MoneySwap will consist of 875,705,550 Ordinary Shares.  The Company currently holds no ordinary shares in treasury.  Therefore the total number of voting rights in the Company is 875,705,550.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of MoneySwap under the Disclosure and Transparency Rules.

 

- Ends-

 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

Chief Executive Officer

Nominated Adviser

Financial PR

Richard Proksa

 

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