Forgot Username or Password/PIN?
News Centre Repayment of convertible loan note

 27 April 2015

MoneySwap Plc

("MoneySwap", the "Company", or the Group)

 

Repayment of convertible loan note

 

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 that, out of the US$1,350,000 convertible loan notes issued by the Company’s wholly owned subsidiary, Money Swap Exchange Limited (“MSEL”), US$350,000 (the “Loan Note”) was repaid in full today.  The terms of the remaining US$1,000,000 of loan notes were announced by the Company on 8 January 2015.

 

As announced on 5 December 2014, the Loan Note was extended and due for repayment together with all associated interest on 7 June 2015. The Group considers this early repayment is beneficial to the Group so as to save the future interest.

 

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.