Paysafe to begin trading on LSE’s main market next month

Paysafe Group, the payments provider formerly known as Optimal Payments, confirmed Wednesday that its shares will be admitted to the London Stock Exchange’s main market next month on December 23rd.

Paysafe confirmed its intention to apply for admission to listing on the Official List and admission to trading on the LSE’s main market, at the same time giving notice of the intended cancellation of trading of its shares on the AIM market.

The company’s shares will be admitted to the Official List and will commence trading on the main market and simultaneously be cancelled on AIM at 8.00am GMT on December 23rd, subject to the receipt of the necessary approvals from the UK Listing Authority and the LSE.

Paysafe is not raising any funds or issuing any new shares in connection with admission.

“The completion of the acquisition of Skrill in August 2015 provides the company with a solid platform for the move, and the board considers that admission to the Official List will increase the company’s profile, assisting in the liquidity of the company’s shares and providing a greater range of potential investors for the company,” it said.

Following completion of the move to the main market, the company’s shares are expected to be eligible for inclusion in the FTSE 250 Index of the LSE during the quarterly review in March 2016.

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