Stay updated with breaking news from Burst acquisition. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investegate |Wameja Limited Announcements | Wameja Limited: Scheme of Arrangement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |Wameja Limited Announcements | Wameja Limited: Full Year Statutory Accounts investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
In July 2019, Wameja Limited ( Wameja or the Company ) sold all the issued capital of eServGlobal Holdings SAS and its subsidiaries ( eServGlobal ) to Seamless Distribution Systems AB ( Seamless ). The sale comprised the effective sale of Wameja s operating business. The sale and purchase agreement ( SPA ) included an indemnity under which Wameja agreed to indemnify and hold Seamless harmless against any direct loss, damage or liability related to the lack of renewed licences for eServGlobal s use of a specific third party s intellectual property ( the Indemnity ). The third party is the provider of software embedded in all deployments of eServGlobal s Paymobile platform, eServGlobal s primary product. ....
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, provides a further update regarding 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 ) .
In its announcement of 23 October 2020, Wameja advised that Seamless Distribution Systems AB ( Seamless ), the purchaser under the sale and purchase agreement for the sale of Wameja s core business that completed on 25 July 2019 ( SPA ), had given notice of a potential claim under the indemnity given by Wameja to Seamless in the SPA in respect of licences for certain third party intellectual property utilised by Botswana Telecommunications Corporation Limited ( BTC ), as a user of eServGlobal s Paymobile platform ( ....