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News Centre Fundraising update, proposed board changes, and extension to short-term loan

 1 July 2016

MoneySwap plc

(“MoneySwap” or the “Company”)

 

Fundraising update, proposed board changes, and extension to short-term loan

 

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licensed 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 it is progressing a fundraising to raise approximately US$5.4 million through an issue of new ordinary shares in the Company of 0.1p nominal value each (the "Ordinary Shares") and that it has agreed, subject to contract and due diligence, outline terms with a new investor.

 

A copy of the full announcement is available here.

 

 

- Ends- 

For further information, please contact:

 

MoneySwap Plc

Allenby Capital Limited

MoneySwap Plc

Non-Executive Chairman

Nominated Adviser

Financial PR

Craig Niven

 

Nick Naylor

James Reeve

Fiona Fenn Smith

 

+44 7767 497400

+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 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.