FAIRFX Group PLC Result of General Meeting (4272T)
March 29 2016 - 9:34AM
UK Regulatory
TIDMFFX
RNS Number : 4272T
FAIRFX Group PLC
29 March 2016
29 March 2016
FairFX Group plc
("FairFX" or "the Group" or "the Company")
Result of General Meeting
The Company announces that all resolutions were duly passed at
the General Meeting held today in connection with the placing to
raise gross proceeds of GBP5.25 million.
Accordingly, the Company has applied for 26,250,000 Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will occur on 30 March 2016. Following
Admission, the Company will have 103,116,039 ordinary shares in
issue.
About FairFX
FairFX is a FinTech Company providing market leading
international payment services, incorporated in the UK in 2005. The
Company has developed a cloud-based peer-to-peer payments platform
that enables personal and business customers to make easy, low-cost
multi-currency payments in a broad range of currencies and across a
range of FX products all via one integrated system. The FairFX
platform facilitates payments either direct to Bank Accounts or at
30 million merchants and over 1 million ATM's in a broad range of
countries globally via Mobile apps, the Internet, wire transfer and
MasterCard/VISA debit cards.
FairFX operates within the rapidly growing online multi-currency
payments market and provides transactional services to both
personal and business customers through four channels being
Currency Cards, Physical Currency, FairPay and Dealing. The
Currency Card and Physical Currency offerings facilitate multiple
overseas payments at points of sale and ATM's whereas the FairPay
and Dealing products support wire transfer foreign exchange
transactions direct to Bank Accounts.
In addition, FairFX has entered into a number of "white-label"
arrangements for the use of its P2P matching platform. Customers
include easyJet, ThinkMoney and Brittany Ferries. FairFX has also
partnered with Concur Technologies, Inc. a leading provider of
integrated travel and expense management solutions with over 25
million users globally. Such relationships provide strong support
for FairFX's customer acquisition strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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