EML Payments Limited recently completed an instituional placement for its 1 for 5 accelerated pro-rata non-renounceable entitlement offer .
It raised $156m from institutional investors at $3.55 per share to fund the acquisition of PFS to expand their customer base, geographic footprint, and product suite.
The retail component of the Entitlement Offer is expected to raise a further $91 million, and will close 29th November 2019.
EML empowers with more control, transparency and flexibility over payment processes. EML makes your payment processing more efficient and secure from start to finish, while helping improve customer service and increase brand loyalty. EML's portfolio offers innovative financial technology that provide solutions for payouts, gifts, incentives and rewards, and supplier payments. They issue mobile, virtual and physical card solutions to some of the largest corporate brands around the world, processing billions of dollars in payments each year, and manage more than 1,500 programs across 23 countries in North America, Europe and Australia.
For more information on EML Payments Limited or this issue, visit: www.EMLpayments.com