PaySauce Limited/Announcement
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Settlement date extension for PaySauce Limited acquistion

M&A19 November 2018PYSInformation Technology

23610041


19 November 2018


Energy Mad Limited (MAD) – Settlement date extension for PaySauce Limited acquisition


Energy Mad Limited (the Company) announced on 10 August 2018 that it had entered into a binding

transaction management agreement (TMA) with the shareholders of PaySauce Limited (PaySauce) and

others to proceed with the acquisition of all of the shares in PaySauce. The announcement advised that

the parties aimed to complete the transaction during October 2018.

The TMA contemplated the right of any party to terminate that agreement if any of the conditions

were not fulfilled or waived by 31 October 2018. On 19 November 2018 the parties agreed to extend

that date to 31 December 2018.

Ends

For more information, contact Brent Wheeler, Chairman, 021 834 279.


Brent Wheeler

Chair

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