Free Float Increased as a Result of Share Sale
NETELLER PLC (the “Company”) announces that on 13 September 2004 it was notified by the following significant shareholders Corvina International Ltd, 1098853 Alberta Ltd and CEO Gord Herman of the following sales of ordinary shares of 0.01p each.
| Date of Sale | No. of shares | Price | |
| Corvina International Ltd | 13 September 2004 | 5,195,100 | 210 pence |
| 1098853 Alberta Ltd | 13 September 2004 | 1,953,000 | 210 pence |
| Gord Herman | 13 September 2004 | 351,900 | 210 pence |
Since the recent IPO, it has been the Company’s intention to increase the number of shares trading freely on the market to ensure that the free float of the company is sufficient. In order to meet recent demand for the shares and pursuant to the terms of the lock-in agreed at the Company’s IPO in April, the above shares owned by the founding shareholders have been released from the lock-in by the Company’s brokers. These shareholders provided the shares subject to the sale detailed above. The shares were placed in the market in an orderly manner to increase the free float of the Company’s shares and help increase liquidity in the market.
Following the disposal, Gord Herman continues to hold 4,448,100 ordinary shares, representing 3.7 per cent of the Company’s issued share capital. In addition Mr Herman holds 250,000 options in NETELLER shares.
About Optimal Payments Plc
Trusted by businesses and consumers in over 180 countries to move and manage billions of dollars each year, Optimal Payments Plc is the leading payments company offering a true alternative to banks and card schemes. Merchants use the NETBANX® processing service to simplify how they accept and settle card, direct-from-bank, and cash payments; and the NETELLER® payment account to increase margins, capture new customers and increase their lifetime value. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.
Optimal Payments Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of OPAY. Subsidiary company NETELLER (UK) Ltd is authorised and regulated as an e-money issuer by the UK's Financial Services Authority (FSA).
For more information about Optimal Payments visit http://www.optimalpayments.com/ or subscribe at http://www.optimalpayments.com/feed/.
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