Wameja Limited Resolution of Potential Indemnity Claims (4636C)

TIDMWJA

RNS Number : 4636C

Wameja Limited

21 June 2021

Wameja Limited ("Wameja")

Scheme of Arrangement- Resolution of Potential Indemnity Claims

21 June 2021

Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, is pleased to advise that the Settlement Agreement referred to in the announcement of 18 June 2021 has been executed by all parties. The Settlement Agreement resolves the Potential Indemnity Claims as announced on 23 October 2020 and 5 November 2020 (including the potential for further claims against Wameja under the relevant indemnity granted to Seamless Distribution Systems AB in the sale and purchase agreement for the sale of Wameja's core business that completed in July 2019).

Wameja and Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard, will now proceed with Scheme of Arrangement proposed under the Scheme Implementation Agreement as announced on 10 September 2020 and amended on 9 April 2021, 24 May 2021 and 18 June 2021("Scheme").

Wameja anticipates lodging the Scheme Booklet with the Australian Securities and Investments Commission ("ASIC") for ASIC's review and comment on or about 2 July 2021 and Wameja will provide an indicative timetable for the Scheme at the time of lodgment.

Authorised by:

Tom Rowe Company Secretary

trowe@capitalcorporatelaw.com.au

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                     investors@wameja.com 
    Tom Rowe, Company Secretary 
   finnCap Limited (Nomad and Broker)                       www.finnCap.com 
    Corporate Finance: Jonny Franklin-Adams                  T: +44 (0) 20 7220 0500 
    / 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.

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June 21, 2021 02:00 ET (06:00 GMT)

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