Exercise of Share Options and Issue of Equity

RNS Number : 5064A

FAIRFX Group PLC

29 May 2019

 

FairFX Group plc

("FairFX" or "the Group" or "the Company")

Exercise of Share Options and Issue of Equity

FairFX, the e-banking and international payments group, announces that following the exercise of employee share options, application has been made for the admission of 300,000 new ordinary shares of 1p each to trading on AIM on 30 May 2019 ("Admission").

Following Admission, the Company will have 164,317,683 ordinary shares of 1p each in issue admitted to trading on AIM. The Company holds no shares in Treasury. Accordingly, the above figure (164,317,683), may be used as the denominator for the calculations by which shareholders will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

FairFX Group plc Ian Strafford-Taylor, CEO	[phone]
Cenkos Securities plc Max Hartley / Callum Davidson	[phone]
Nick Searle Canaccord Genuity Bobbie Hilliam / David Tyrrell Alex Aylen Yellow Jersey PR Charles Goodwin Joe Burgess	[phone] [phone] [phone]

About FairFX Group

FairFX is a leading challenger brand in banking and payments that disintermediates the incumbent banks with a superior customer experience (CX) and low-cost operating model. Our business enables personal and business customers to make easy, low-cost payments both domestically and in a broad range of currencies and across a range of products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 35 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards.

FairFX provides money movement services to both personal and business customers through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the International Payments channel supports wire transfer foreign exchange transactions direct to Bank Accounts. For Corporates, FairFX has a market-leading business-expenses solution based around its corporate platform and prepaid card. This service can yield significant savings on a Corporate's expenses and procurement both domestically and overseas, through better controls and improved transparency. The platform also streamlines the downstream administrative processes and integrates into accounting software, thus saving costs. FairFX offers retail and business bank accounts with all the functionality you would expect from a bank, namely faster payments, BACs, direct debits, international payments and a debit card.

 

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