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PAYZ Payzone

0.40
0.00 (0.00%)
01 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Payzone LSE:PAYZ London Ordinary Share IE00B282W057 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.40 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.40 GBX

Payzone (PAYZ) Latest News

Real-Time news about Payzone (London Stock Exchange): 0 recent articles

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Date Time Title Posts
16/7/201012:23Cardpoint's new name544

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Payzone (PAYZ) Top Chat Posts

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Posted at 09/2/2010 14:55 by qipincha
delist!
sounds bad to share holder
though the company is saved
Posted at 15/12/2009 11:19 by jonnynixon
been watching this share over the last week...what is going on? Can anyone fill me in? Have their debts been restructured?
Posted at 08/12/2009 12:04 by qipincha
that's explain why mm were happy to take so many shares when price down...
Posted at 20/11/2009 11:49 by qipincha
mm should have a few millions of shares in hand now.
unless he can sell them with higher price
Posted at 20/11/2009 10:31 by qipincha
don't understand the situation.
normally, mm will not take much shares when price fall.
seems mm is confident that he can sell shares with gain...
Posted at 19/11/2009 17:16 by oilandgas2
Payzone talks with finance providers continue

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19 November 2009 @ 04:29 pm BST
Next Markets Article

Payzone has confirmed that it remains in constructive discussions with its finance providers.

A statement issued after the firm noted the recent movement in its share price said the talks were part of its review of the options to establish a more appropriate long term capital structure as announced on 18 June 2009.

The statement said the board remained confident that these discussions will lead to an appropriate long term capital structure.

"In the meantime, the company's debt providers remain supportive of the business and the company is not in default of its banking facility agreements.
Posted at 19/11/2009 17:04 by oilandgas2
it means we are at that level just now the important part is they are not breaching thier banking covenants as i say they have a 2.69m mkt cap/expect paypoint 2 snap these up at circa 2p or 5m.no suspension they are in the shop window engineered for an MBO cheap @2p or paypoint.this is the important part The Board of Payzone notes the recent movement in Payzone's share price.


Accordingly, the Company can confirm that it remains in constructive discussions
with its finance providers as part of its review of the options to establish a
more appropriate long term capital structure as announced on 18 June 2009. The
Board remains confident that these discussions will lead to an appropriate long
term capital structure. In the meantime, the Company's debt providers remain
supportive of the business and the Company is not in default of its banking
facility agreements.
Posted at 19/11/2009 16:37 by oilandgas2
double edge sword leapinn make of it what you willThe Board of Payzone notes the recent movement in Payzone's share price.


Accordingly, the Company can confirm that it remains in constructive discussions
with its finance providers as part of its review of the options to establish a
more appropriate long term capital structure as announced on 18 June 2009. The
Board remains confident that these discussions will lead to an appropriate long
term capital structure. In the meantime, the Company's debt providers remain
supportive of the business and the Company is not in default of its banking
facility agreements.
Posted at 29/9/2009 06:44 by qipincha
Disposal of mobile top-up businesses
RNS Number : 8096Z
Payzone plc
29 September 2009

29 September 2009





Payzone plc ("Payzone" or the "Company")

Disposal of mobile top-up businesses in Germany, Poland and the Netherlands



The Board of Payzone is pleased to announce that the Company has reached an agreement to sell its mobile top-up businesses in Germany, Poland and The Netherlands. The businesses have been sold to Quam Equity International GmbH, the owner of ICP Group, a provider of electronic payment systems, payment terminals and terminal services across Germany, Austria, Switzerland and The Netherlands.



Payzone's existing terminal maintenance business in The Netherlands and its German ATM operations are not part of this transaction. Following this transaction, the Company will no longer have a presence in Poland.



The cash consideration receivable by Payzone for the three mobile top-up businesses being sold is €2.2m. In addition, the transaction will result in the release of deposits and financial guarantees totalling €8.9m provided as security to suppliers of the businesses. The businesses will be sold with cash balances estimated to be €4.4m on completion. As part of the transaction, Payzone will retain certain parent company guarantees relating to the businesses for a transitionary period.



Completion is expected to take place later today. Payzone will use the proceeds raised by the disposals to reduce debt.



The total net assets of the Payzone German, Polish and Dutch mobile top-up businesses were valued at €4.01m as at 31 March 2009 and these businesses contributed €4.71m profit (before exceptional items) to Payzone's pre-tax profits for the full year to 30 September 2008.



Mike Maloney, Chief Executive, said:



"This is a very pleasing result for Payzone as it provides an exit from non-core businesses and also reduces the Company's debt. By completing their disposal, management can concentrate resources on Payzone's key business. Following the disposal of the Italian, Spanish and French operations in 2008, these disposals continue our strategy of exiting non-core markets and concentrating on those that offer significant scale and growth for our services."



Dr. Winfried Jerono, Managing Director of Quam Equity International and CEO of ICP Group, said:



"This transaction is a milestone in the development of ICP Group to being a full service provider in the field of electronic payment. In combining Payzone's mobile top-up businesses in Germany, Poland and The Netherlands and ICP Group, ICP Group is able to offer its clients a complete product range comprising hardware, software, electronic cash processing, customer and gift cards as well as cellular pre-paid solutions. The transaction significantly increases the market share of ICP Group. Furthermore, the acquisition of the Payzone business in Poland enables ICP Group to widen its geographic reach into the Eastern European market for electronic payment solutions which is expected to significantly grow over the coming years. I am convinced that we have a found transaction structure that is to the benefit of all stakeholders of Payzone and ICP Group."







Enquiries

Payzone Tel: +353 1 207 6600

Mike Maloney / Nigel Bell



Rothschild Tel: +44 20 7280 5000

Financial Adviser to Payzone

Ed Welsh / Dev Tanna



Panmure Gordon Tel: +44 20 7459 3600

Nominated Adviser and Broker to Payzone

Hugh Morgan / Stuart Gledhill



Powerscourt Tel: +44 20 7250 1446

Payzone Media Enquiries

Paul Durman / Rory Godson



ICP Group Tel: +49 69 244 326 4201

Dr. Winfried Jerono / Hans Weller



Commerzbank Corporates & Markets Tel: +49 69 136 44 548

Financial Adviser to ICP

Jens Bender / Jörg Leussink







Note



1. The sources of financial data are the Company's annual and interim accounts for the Polish and German mobile top-up businesses and management accounts for the Dutch mobile top-up business, due to this business not operating as a standalone entity during the relevant period.



Responsibility



The Directors of Payzone accept responsibility for the information contained in this announcement. To the best knowledge and belief of the directors of Payzone (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.



Rothschild and Panmure Gordon, each of which is authorised and regulated by the Financial Services Authority, are each acting exclusively for Payzone and no-one else and will not be responsible to anyone other than Payzone for providing the protections afforded to their respective clients, or for giving advice in relation to any matter referred to in this press announcement.




This information is provided by RNS
The company news service from the London Stock Exchange

END


DISFGGZLMRLGLZZ
Posted at 28/5/2009 06:40 by danny678
By Joe Brennan


Thursday May 28 2009

Embattled e-payments group Payzone's attempt to refinance its €276m debt pile will not to be completed by the time it reports interim figures next month.

A deal with its lenders, led by Royal Bank of Scotland, is understood to be premised upon the sale of its German subsidiary, which has been dragging on for about six months.

However, informed sources have dismissed industry speculation that a sale of the German business, which has a mooted price tag of €50m, has fallen through.

They said Payzone remains in talks with a number of different parties.

German wholesale giant Lekkerland has been linked to Payzone's attempt to sell its German unit, alongside e-payments firms Euronet and Easycash.

Payzone was formed in late 2007 by the merger of Irish-based Alphyra and London-listed cash machines operator Cardpoint.

The tie-up has proven disastrous for investors, who have seen their shares plunge 98pc since they started trading on London's Alternative Investment Market in December that year.

The group issued a profit-warning and deeply discounted rights issue last year as a result of the underperformance of the Cardpoint part of the group and the impact of high-profile boardroom infighting.

The group's top executives John Nagle and John Williamson, formerly the heads of Alphyra, were ousted early last year.

Stake

Payzone has been led since then by Mike Moloney, a brother of Barry Moloney, who is a partner in the company's 54pc-owner, private equity firm Balderton Capital.

Talks with Payzone's seven banks have largely centred around the possibility of the lenders swapping a chunk of its debt for a large equity stake in the business. The company declined to comment.

Rival e-payments group Paypoint is also believed to have run the rule over Payzone and made a tentative approach in recent months to the Irish-based company's bankers.

It is not currently known whether it remains interested in doing a deal.
Payzone share price data is direct from the London Stock Exchange

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