TIDMSWAP

RNS Number : 9723I

MoneySwap Plc

05 September 2016

5 September 2016

MoneySwap plc

("MoneySwap" or the "Company")

Extension to Short-term Loan

MoneySwap announces that it has received a further US$147,000 under an extension to the loan facility (the "Short-term Loan") from Changsha Zhangdian Investment Company Limited (the "Lender"), further details of which were announced by the Company on 9 May 2016, 16 June 2016, 1 July 2016 and 29 July 2016. The Company has now drawn down US$395,000 from the Lender, comprising the full US$200,000 available under the Short-term Loan and US$195,000 pursuant to three extensions to the Short-term Loan.

The monies received from the Lender are being applied by MoneySwap principally in meeting working capital needs and the various legal and regulatory costs associated with the Proposed Subscription, further details of which were announced by the Company on 1 July 2016.

- Ends-

For further information, please contact:

 
 MoneySwap Plc     Allenby Capital     MoneySwap Plc 
                    Limited 
----------------  ------------------  ----------------- 
 Non-Executive     Nominated Adviser   Financial PR 
  Chairman 
----------------  ------------------  ----------------- 
 Craig Niven       Nick Naylor         Fiona Fenn Smith 
                    James Reeve 
----------------  ------------------  ----------------- 
 +44 7767 497400   +44 20 3328 5656    +44 7712 101922 
----------------  ------------------  -----------------

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants, which allow both online and point of sale transactions to be settled using UnionPay cards in the UK. In addition, UnionPay has licensed MoneySwap for its MoneyExpress service, which enables overseas persons to send funds directly to UnionPay cardholders in China. The Company also offers an online peer-to-peer platform for currency exchange and payments. The Company's shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUVRURNKAKRAR

(END) Dow Jones Newswires

September 05, 2016 08:12 ET (12:12 GMT)

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