Servglobal Paymobile News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  In July 2019, Wameja Limited ("Wameja" or the "Company") sold all the issued capital of eServGlobal Holdings SAS and its subsidiaries ("eServGlobal") to Seamless Distribution Systems AB ("Seamless").  The sale comprised the effective sale of Wameja's operating business.  The sale and purchase agreement ("SPA") included an indemnity under which Wameja agreed to indemnify and hold Seamless harmless against any direct loss, damage or liability related to the lack of renewed licences for eServGlobal's use of a specific third party's intellectual property ("the Indemnity").  The third party ...

IN BRIEF: Wameja And Mastercard Extend Terms Over Timetable Revision Fri, 5th Feb 2021 15:41 Wameja Ltd - Australian software company - Agrees with Mastercard Inc to extend the terms of their scheme implementation agreement. This accommodates a revision to the indicative transaction timetable for the scheme or arrangement after Seamless Distribution Systems AB, which purchased Wameja's core business in July 2019, gave notice of a potential claim under indemnity given by Wameja to Seamless concerning "licences for certain third party intellectual property utilised by Botswana Telecommunication...

  Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, provides a further update regarding the Scheme of Arrangement ("Scheme") proposed under the Scheme Implementation Agreement ("SIA") with Burst Acquisition Co. Pty. Ltd, a company controlled by Mastercard ("Mastercard"), as announced on 10 September 2020 ("Announcement") .     In its announcement of 23 October 2020, Wameja advised that Seamless Distribution Systems AB ("Seamless"), the purchaser under the sale and purchase agree...