Wameja Limited Scheme of Arrangement - Second Amendment to SIA (5580Z)

TIDMWJA

RNS Number : 5580Z

Wameja Limited

24 May 2021

Wameja Limited ("Wameja")

Scheme of Arrangement - Second Amendment to SIA

24 May 2021

Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that the Sunset Date for the Scheme of Arrangement ("Scheme") proposed under the Scheme Implementation Agreement ("SIA") with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ("Mastercard"), as announced on 10 September 2020 ("Announcement") and amended on 9 April 2021, has been extended to 18 June 2021.

The extension is to provide additional time for the documentation and execution of agreements to resolve the Potential Indemnity Claims as announced on 23 October 2020 and 5 November 2020. Wameja understands from Mastercard that agreement in principle has been reached with all relevant parties to resolve the Potential Indemnity Claims (including any potential for further claims against Wameja under the relevant indemnity granted to Seamless in the sale and purchase agreement for the sale of Wameja's core business to Seamless that completed in July 2019) ("Claims"), which remains subject to the execution of a final settlement agreement among all relevant parties. On this basis, Mastercard and Wameja will proceed with the Scheme in accordance with the terms and conditions of the SIA once agreements in respect of the Claims are executed by all relevant parties.

The resolution of the Claims will not impact the Scheme Consideration.

An amendment has also been made to the SIA to reduce the Cash Reserve Requirement by the amount of any future capital contributions made by Wameja to HomeSend. The complete Second Deed of Amendment is attached to this announcement.

Authorised by:

Tom Rowe

Company Secretary

[e-mail]

The information contained within this announcement is deemed by the Company to constitute inside

information stipulated under the Market Abuse Regulation (EU) No. 596/2014.

For further information, please contact:

 
   Wameja Limited                                           www.wameja.com 
   John Conoley, Non-Executive Chairman                     [e-mail] 
    Tom Rowe, Company Secretary 
   finnCap Limited (Nomad and Broker)                       www.finnCap.com 
    Corporate Finance: Jonny Franklin-Adams                  T: [phone] 
    / Charlie Beeson Corporate Broking: Tim 
    Redfern / Richard Chambers 
 

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.

Full details of the Deed of Amendment and Waiver are linked here:

http://www.rns-pdf.londonstockexchange.com/rns/5580Z_1-2021-5-24.pdf

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May 24, 2021 03:15 ET (07:15 GMT)