Paysafe Group PLC Q3 Trading Update & Capital Markets Day (1399F)

TIDMPAYS

RNS Number : 1399F

Paysafe Group PLC

10 November 2015

Paysafe Group Plc

Q3 Trading Update and Capital Markets Day

LONDON, MONTREAL and NEW YORK (10 November, 2015) - Paysafe Group Plc, formerly Optimal Payments Plc, (LSE AIM: PAYS, "Paysafe", the "Group" or the "Company") provides an update on third-quarter trading ahead of its Capital Markets Day presentation in London later today.

Trading Update

-- The Group has continued to enjoy strong trading during Q3 and full-year Group revenue and EBITDA before synergies are in line with management expectations.

-- The acquisition of digital payments business Skrill completed in August 2015. The Group is pleased to report that the acquired business has completely absorbed the continuing adverse impact previously disclosed in relation to Greece and is nonetheless trading in line with the management expectations set out at the time of the transaction.

-- In addition, the integration of the new Group is proceeding ahead of schedule - as a result, circa $5-10 million of synergy savings are expected to be achieved by the end of Q4 2015, ahead of management's previously-expected Q1, 2016 timeline.

Paysafe President and CEO Joel Leonoff said:

"This has been a transformational year for the Company. We are particularly encouraged by the positive momentum we are seeing across all our divisions. We are trading well due to the continued strength of our business, strong cost control and accelerated synergies arising from the Skrill acquisition. Our growing digital payments business, under our new Paysafe brand, is focused on delivering sustainable profitable growth and we are very pleased with the progress we are making."

Capital Markets Day

A Capital Markets Day presentation is being held today for shareholders, analysts and other stakeholders focusing on an overview of the Group's operations and business divisions. A webcast of the presentation is scheduled to start at 1pm (UK time) and will be available live via http://edge.media-server.com/m/p/fi6fasyk with a replay facility expected to be available within 24 hours of the presentation. Alternatively, a conference call facility will be available at: [phone] (participant code: 6631010).

Move to Main Market and Full-Year Results

The Company continues to seek admission of its ordinary shares to listing on the premium segment of the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's Main Market for listed securities. The Company anticipates the earliest possible date at which the Company will be considered for inclusion in the FTSE 250 index will be the quarterly review in March 2016.

The Company intends to provide a trading update for the year ended 31 December 2015 in January 2016 ahead of announcing full-year results scheduled for March 2016

About Paysafe Group plc

Paysafe Group Plc (formerly Optimal Payments Plc) is a global provider of online payment solutions, trusted by businesses and consumers in over 200 countries and territories to move and manage billions of dollars each year. Merchants use Paysafe's services and gateway platforms and innovative prepaid products and solutions to simplify how they accept credit and debit card, direct-from-bank, and alternative and local payments; whist Paysafe's NETELLER(R), Skrill(R) and paysafecard(R) services are used by merchants to increase revenues and capture new customers. Consumers use the multilingual and multicurrency NETELLER, Net+(R) Card, Skrill and Skrill Card stored-value offerings and the paysafecard prepaid solutions to make secure and convenient payments and Payolution(R) for their invoices and instalment payments. Paysafe also supports a wide variety of prepaid programmes - from white-label prepaid cards to bespoke solutions. Paysafe Group Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of PAYS.

For further information, contact:

Paysafe Group plc

Head of Investor Relations

Jessica Stalley

[e-mail]

Head of Media Relations

Gavin Haycock

Tel: [phone]

Canaccord Genuity Limited (Nominated Adviser & Broker)

Simon Bridges / Cameron Duncan

Tel: [phone]

Tavistock Communications

Media Contacts - United Kingdom:

Simon Hudson / Andrew Dunn / Simon Fluendy

Tel: [phone]

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 10, 2015 02:01 ET (07:01 GMT)