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ESV Eservglobal Limited

0.077
0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Eservglobal Limited ASX:ESV Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.077 0.076 0.08 0.00 01:00:00

EServGlobal Subscribes for Shares in JV To Keep 35% Stake

05/10/2015 2:40pm

Dow Jones News


Eservglobal (ASX:ESV)
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LONDON-- Mobile financial services group eServGlobal Ltd. (ESV.AU) Monday said it has agreed to subscribe for shares in Homesend, a money transfer joint venture that includes Mastercard Inc. (MA), in order to maintain its 35% stake.

The company is required to pay 875,000 euros ($981,000) on October 14 and EUR2.625 million in April for the shares, out of a total capital raise of EUR10M by HomeSend.

Shares at 1309 GMT, up 3.2%, at 8 pence valuing the company at GBP21.3 million.

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 05, 2015 09:25 ET (13:25 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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