Corporate developments12 May 2024 22:48
The Company continues to progress the acquisition of 60% of the share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a cross-border payments business, as announced on 29 November 2023. Completion of the acquisition of EasySend remains conditional, inter alia, on the entering into of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the change of control of EasySend, a regulated entity. The Company expects to complete the acquisition in Q2/Q3 2024 and further announcements will be made regarding the acquisition in due course.
In addition, the Company is exploring further value enhancing acquisition opportunities that can assist with accelerating the development of the Group as it focuses on developing a borderless neobanking platform providing next-generation digital money solutions. Further announcements will be made in due course, as appropriate.
The Company expects to release its results for the year ended 31 March 2024 in July 2024.