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HomeSend Facility Update

12 Aug 2020 07:00

RNS Number : 8368V
Wameja Limited
12 August 2020
 

 

 

Wameja Limited ("Wameja" or the "Company")

 

HomeSend Loan Facility Repayment and Mastercard Facility Increase

 

12 August 2020

 

 

Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, is pleased to advise that the loan facility provided by Wameja to HomeSend SCRL (as originally announced on 16 May 2019, the "Facility Agreement") has been fully repaid in the amount of €2,497,752.25. The Facility Agreement has now expired.

 

To support HomeSend's increasing requirements to fund the pre-payment timing gaps in its real time settlement model, and to provide the funds to repay the Facility Agreement, Mastercard has increased the loan facility it provides to HomeSend (as originally announced on 1 July 2020, the "Mastercard Facility") by €10M. There have been no other changes to the terms and conditions of the Mastercard Facility.

 

Authorised by:

 

Tom Rowe

Company Secretary

trowe@capitalcorporatelaw.com.au

 

 

For further information, please contact:

Wameja Limited

www.wameja.com

John Conoley, Non-Executive Chairman

Tom Rowe, Company Secretary

 

investors@wameja.com

finnCap Limited (Nomad and Broker)Corporate Finance: Jonny Franklin-Adams / Charlie Beeson

Corporate Broking: Tim Redfern / Richard Chambers

 

www.finnCap.comT: +44 (0) 20 7220 0500

 

About Wameja

Wameja and Mastercard are joint venture partners of the HomeSend global payment hub. HomeSend enables cross-border transfer between bank accounts, cards, mobile wallets, or cash outlets from anywhere in the world. As a founding partner in the HomeSend hub, Wameja helped conceive and bring the opportunity to market.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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