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MPY mPay SA News Story

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Brief: mPay Signs Deals On Debt And Share Issue

Sept 8 (Reuters) - mPAY SA MPAY.WA:

SAID ON SUNDAY IT HAS SIGNED AGREEMENTS TO TAKE OVER A 1.2 MILLION ZLOTY DEBT OWED BY GRUPA LEW TO RICH DAD AND PARTNERS

COMPANY AGREES WITH RICH DAD AND PARTNERS TO REPAY AN ASSUMED DEBT AND A 150,000 ZLOTY LOAN VIA THE SUBSCRIPTION OF 4.5 MILLION NEW MPAY SHARES FOR 1.35 MILLION ZLOTYS, WITH THE SUBSCRIPTION DEAL TO BE SIGNED BY SEPT. 22

IT ALSO SIGNED A SUBSCRIPTION AGREEMENT WITH RICH DAD AND PARTNERS FOR 4.5 MILLION NEW SERIES U SHARES

THE TOTAL ISSUE PRICE OF 1.35 MILLION ZLOTYS WILL BE PAID VIA A SET-OFF TO COVER THE TAKEN-OVER DEBT AND A PREVIOUS LOAN

 Source text for Workspace: nEM4y0qYKa
 Further company coverage: [mPAY.WA]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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