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12 Aug 2020 07:00
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.
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