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Mi-Pay Group plc (MPAY) Ord 10p

Sell:1.00p Buy:1.30p 0 Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:1.00p
Buy:1.30p
Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:1.00p
Buy:1.30p
Change: No change
Market closed Prices as at close on 27 January 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Mi-Pay Group plc Ord 10p

Type:
Delisting
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 2 Jan 2020)

What is happening?

 

The Board of Mi-Pay Group plc has announced proposals to cancel the Company’s Ordinary shares from trading on AIM (Alternative Investment Market). It is expected that the Company’s shares will be delisted with effect from the close of business on 3 February 2020.

 

The Company are also proposing to Wind up the Company by placing members into a voluntary liquidation and appointing a liquidator subject to approval at the second Annual General Meeting will be on 4 February 2020.

 

Why is this happening?

 

“Subject to passing the Disposal Resolution and following the completion of the Disposal, the Company will no longer have any trading operations and the Board has determined that it would be in the best interests of Shareholders to return the net cash resources of the Company resulting from the Disposal to Shareholders. To facilitate any such distribution of cash to Shareholders, the Directors propose to seek cancellation of the Ordinary Shares from trading on AIM. (Source: Shareholder Circular 23 December 2019)

 

Important information for holders of Mi-Pay Group plc shares within a Stocks & shares ISA

 

Please note under HMRC rules unlisted shares are not eligible to be held within a Stocks & shares ISA. As a result, if the delisting become effective, any holding of Mi-Pay Group plc shares within a Stocks & shares ISA will need to be removed within 30 days of the effective date of the delisting.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Mi-Pay Group plc is a United Kingdom-based company, which operates in the cardholder-not-present payment solutions market with a focus on assessing, managing and mitigating fraud risks. The principal activity of the Company is to deliver outsourced on-line and related payment solutions to digital e-commerce clients, primarily in the mobile sector, enabling them to monetize their on-line proposition. The Company operates through two segments: Transaction Services and Professional Services. The Transaction Services segment is engaged in processing of transactions on behalf of clients and is the Company's core business. The Professional Services segment is engaged in the development, delivery and hosting of the Company's platform and client solutions. The Company provides an outsourced payment services platform for mobile operators' top up and digital content services.

Contact details

Address:
Earl Street, 30 Crown Place
LONDON
EC2A 4ES
United Kingdom
Telephone:
+44 (020) 71122121
Website:
https://www.mi-pay.com/

Important dates

Future events
There are no future events available.
Past events
Interim results 25 September 2019 25/09/19
AGM 21 May 2019 21/05/19
Final results 24 April 2019 24/04/19
Trading Announcement 30 January 2019 30/01/19

General stock information

EPIC:
MPAY
ISIN:
GB00B0N59376
Market cap:
£525,944
Shares in issue:
45.73 million
Sector:
Support Services
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

  • Michael Dickerson
    Executive Chairman of the Board
  • John Beale
    Chief Executive Officer, Acting Chief Financial Officer, Executive Director

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.